Coinbase Beats Estimates As Trading Volume Slumps. The Stock Is Falling.

Coinbase Global beat analysts’ estimates of profits and revenues in the third quarter, despite seeing trading volume continue to slide.

Coinbase on Thursday disclosed a third-quarter loss of one cent per share, compared with the 55-cent loss expected by analysts, according to FactSet. The company had revenue of $674 million, compared to the estimate of $651 million. The loss was much narrower than the second quarter’s per-share loss of 42 cents. In the third quarter of last year, the company lost $2.43, when the crypto crash was deepening.Critically, Coinbase and other trading platforms have seen less interest from retail investors. In the third quarter, Coinbase said it had $76 billion in total trading volume, compared to $92 billion in the second quarter and $159 billion in the third quarter last year.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase Beats Q3 Earnings Estimates, But Trading Volume FellAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Source: CoinDesk - 🏆 291. / 63 Read more »

Coinbase beats estimates but sees lower trading volumes in third quarterCryptocurrency exchange Coinbase (COIN.O) on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row.
Source: Reuters - 🏆 2. / 97 Read more »

Coinbase sees trading volume continue to fall, but revenue beats expectationsCoinbase sees $76 billion in total trading volume during September quarter, down from $92 billion on a sequential basis
Source: MarketWatch - 🏆 3. / 97 Read more »