Coinbase's weak quarter leaves Wall Street split on timing of a recovery

Coinbase reported a disappointing quarter with revenue and guidance missing analyst expectations due to lower crypto trading volumes and depressed market prices. While the company continues to gain market share and expand into new areas like derivatives and prediction markets, analysts remain divided on whether these efforts can offset core revenue declines in the near term.
The company missed expectations across nearly every major financial metric, reporting $1.22 billion in revenue and $208 million in adjusted EBITDA as lower crypto prices and subdued trading volumes weighed on both transaction revenue and its growing subscription business.
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