Reported 2 days ago
Coinbase (COIN) shares have sharply fallen after the company reported Q2 results that disappointed investors, with revenues missing expectations. Mizuho Americas analyst Dan Dolev noted that while the quarter itself was solid, the lack of surprise and weaker trading volumes contributed to the stock's decline. He maintains a neutral rating on Coinbase, suggesting that market sentiment reflects concerns about its heavy reliance on crypto market fluctuations.
Source: YAHOO