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Coinbase Inches Higher Ahead of Earnings As Silvergate Slips After Downgrade

Coinbase climbed higher shortly after the open today, while Silvergate and other crypto-related stocks dipped. 

Shares in the crypto exchange traded up by 1% to about $66 by 10:45 a.m. EST, according to Nasdaq data.

Coinbase is set to deliver earnings after the close today, with revenue expected to have fallen to $589 million, according to FactSet estimates. 

Coinbase also faces renewed regulatory scrutiny, with analysts expecting the topic to dominate the earnings call later today. U.S. regulators set their sights on crypto-staking services two weeks ago, and COIN tumbled 22%.

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