Reported about 20 hours ago
Coinbase is shifting towards a more diversified business model, following a $2.9 billion acquisition of crypto derivatives exchange Deribit and disappointing quarterly earnings. Despite falling short of revenue expectations and experiencing volatility in cryptocurrency prices, analyst Devin Ryan cites the growth potential in subscription services and stablecoin adoption. With Bitcoin rebounding above $100,000, the second quarter may see improved trading activity, and legislative developments could further bolster Coinbase's position in the market.
Source: YAHOO