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Coinbase to report Q3 earnings Thursday, Wall Street divided on trading rebound after Robinhood's crypto revenue sank 55%
Coinbase Global (COIN) is set to report third-quarter earnings after the market close on Thursday. Analysts are divided on the extent of its trading rebound, with forecasts for Q3 trading volume ranging from $141 billion to $173 billion, and total revenue between $1.2 billion and $1.4 billion. This comes after Robinhood Markets (HOOD) reported a 55% drop in crypto transaction revenue and a 38% fall in crypto trading volume for the period, raising concerns about broader industry trends and Coinbase's reliance on trading fees.
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