您现在的位置是:Coinbase stock down 13% after a mixed Q3 earnings report >>正文
Coinbase stock down 13% after a mixed Q3 earnings report
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛43642人已围观
简介Coinbase stock dipped on extended trading on Tuesday after the release of the company’s third-...
Coinbase stock dipped on extended trading on Tuesday after the release of the company’s third-quarter earnings report.
Data from Nasdaq shows that Coinbase has dropped by 13.24% as the pre-market dumped stock to $310.58 in hours.
In July Coinbase dropped below $221 but later improved in the previous months closing at $357.39 on Tuesday.
The last 24 hours have been predominantly bearish for the stock. The pre-market price was at $347.18 (-13.85 (3.01%) down) at the time of writing.
Coinbase unable to attain the mark
On Tuesday, Coinbase reported Q3 2021 earnings of 406 million which is a drop of 75% from its Q2 earnings that posted a net income of $1.6 billion.
However, this is still a 500% increase over Q3 2020 for America’s largest crypto exchange, which was introduced as a publicly-traded company on Nasdaq in April this year.
In its shareholder letter the exchange said:
“As our year-to-date results have clearly demonstrated, our business is volatile. Coinbase is not a quarter-to-quarter investment, but rather a long-term investment in the growth of the crypto economy and our ability to serve users through our products and services. We encourage our investors to take this point of view.”
In September Coinbase did away with its plan to launch Lend, a product that is designed to deliver high returns interest on USDC stablecoin holdings.
The scrapping of this launching program was after the U.S. Securities and Exchange Commission (SEC) said that the product can threaten to take Coinbase to court as unregistered securities.
In the course of the last quarter, Coinbase saw the number of users transacting monthly plummet to 7.4 million from 8.8 million. This was also experienced in Q2.
Although popular digital assets like Dogecoin and Shiba-Inu plummeted to $327 billion from $462 billion in the previous quarter, Coinbase’s last quarter is quite desirable.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/1666.html
相关文章
What to consider when choosing a crypto casino to play
Coinbase stock down 13% after a mixed Q3 earnings reportMore and more people around the world have become interested in playing at online casinos in one way...
阅读更多
Breakthrough in 3D printing: elastic conductors for stretchable electronics
Coinbase stock down 13% after a mixed Q3 earnings reportBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The futur...
阅读更多
Crash gambling: The best crash gambling sites and beginner's guide
Coinbase stock down 13% after a mixed Q3 earnings reportWith so many digital casino providers, knowing how to differentiate between a high-quality one and o...
阅读更多
热门文章
- High volatility pushes ETH/USD nearly 13% to lows of $330
- The audit reports of crypto exchanges were anything but an audit, says Dan Ashmore
- Bullish for BTC/USD as price hits 2
- Chiliz (CHZ) price cools after hitting 2
- Ukraine Lands First Place On Global Crypto Adoption Index
- Most powerful hydrogeneration can make sailing energy self
最新文章
This new U.S. armored vehicle can spy, jam, and hack drones
New startup to ship 500,000 free 4K TV sets with dedicated ad spaces
IOTA is up by more than 8% on Monday and could rally higher
Princeton researchers help a bot tidy up using large language model
Coinbase stock could tank 40% from here: Mizuho
SAND down by 2% despite The Sandbox's partnership with Aguero