Coinbase’s Q3 Crypto Trading Volumes to Be Key for Investors, Analysts Say

Posted on by American Coins & Gold

Coinbase’s Q3 Crypto Trading Volumes to Be Key for Investors, Analysts Say
Coinbase Global Inc.’s (COIN) trading volumes and revenue will likely be the focus of investor attention as the cryptocurrency exchange gets set to report third quarter financial results Tuesday after the market close.“Coinbase’s platform trading volumes are a key metric given the majority of company revenue comes from retail and institutional trading fees,” John Todaro, a research analyst at New York-based Needham & Co. told clients in a note, who has a buy recommendation on the stock.Coinbase posted trading volume of $462 billion in the second quarter, its second ever as a public company, up from $335 billion in the…