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Coinbase’s Trading Volumes Dwindle Ahead of Earnings, Retail Volume Could Have ‘Bottomed Out’

Coinbase is slated to deliver its first-quarter earnings after the close on Thursday, and all eyes will be on trading volumes and monthly transacting users after the period was dominated by regulatory concerns.

The two metrics will offer insight into how the exchange performed during the quarter. Interest income from USDC helped the exchange beat revenue estimates in the last quarter and will be important again. 

The exchange beat revenue estimates in the fourth quarter of 2022, but retail trading volumes continued deteriorating.

(by Adam Morgan McCarthy)

Coinbase
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