“The Crypto Exchange Cited A Drop in Crypto Prices As A Result of US President Donald Trump’s Tariff Policy and Macroeconomic Uncertainty as The Reason Behind The Weak Quareter.”, – WRITE: www.coindesk.com
The Crypto Exchange SAID IT RECORDED $ 2 Billion in Revenue, Down from $ 2.27 Billion in The Fourth Quarter and Lower Than Street Estimates of $ 2.1 Billion. The Company Also Reported Earnings Per Share of $ 0.24, Missing The AVERAGE Analyst Estimate of $ 1.93, Accounting To Factor Data.
Trading Volume Fell 10% to $ 393.1 Billion Quarter Over Quarter and Transaction Revenue Came In At $ 1.3 Billion, About 19% Lower Than in The Fourth Quarter.
“Q1 saw increated avertage Crypto Valatability with Bth Btc Reaching a New All-Time High Price in January Macroconomic Uncertainty, ”Coinbase Wrote in A Letter to Shareholders.
Analysts at JP Morgan, Barclays, and Compass Point Had All Slashed Their Forecasts Before The Earns Report As Crypto Trading Volume Slowed Sharply Since January Uncerta. Economy.
Trading Platform Robinhood (Hood), Whose Retail-Focused Clientele is ofFTEN COMPARE TO COINBASE’s Trader Base, In April Reported A 13% Drop in Transaction-Based Revenue.
Coinbase’s $ 2.9 Billion Acquisition of Derivatives Exchange Deribit, However, Positions It As the New Leader in Global Crypto Options Trading, Overtaking Binance and Other Rivals. The Move Sets for a New Chapter in Derivatives Markets – One That Investors Will Be Watching Closely.
Read More: Coinbase’s $ 2.9b Deribit Deal A ‘Legitimate Threat’ for PEers, Wall Street Analysts Say
Update (May 8, 20:43 UTC): Adds Additional Paragraph at the End and Share Price Deckline.
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