Coinbase Earnings Pain Likely as Retail Activity Slumps
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Coinbase Earnings Pain Likely as Retail Activity Slumps
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Wall Street analysts from Barclays and JPMorgan predict that Coinbase will likely miss its Q1 earnings forecasts due to a significant decrease in retail investment activity within the cryptocurrency market. The analysts express concerns that this slump could lead to a continued downturn for the exchange, which has heavily relied on retail trading volumes for its revenue.
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