10 Kitchen Deals You Can Shop Ahead of Memorial Day, Starting at $40

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Coinbase reports a 13% sequential decline in transaction revenue

Coinbase reported its second-quarter financial results on Thursday. Berenberg analyst Mark Palmer sees downside in “COIN” to $39. Coinbase stock has nearly tripled since the start of the year 2023. Shares of Coinbase Global Inc wobbled but eventually ended flat in extended hours today even though the crypto exchange reported market-beating results for its fiscal second quarter. Why is Coinbase stock unimpressed in after-hours? The stock is primarily responding to weakness in transaction revenue that printed at $327 million – down nearly 13% sequentially. Trading volume also tanked to $92 million versus $145 million in the prior quarter. Also a negative was interest income that declined about 17% on a quarter-over-quarter basis to $201 million. Reacting to the earnings print in an email, Mark Palmer – a Berenberg analyst wrote: Interest income and staking revenue appear to be at risk going forward given the ongoing declines in USDC’s market cap and regulatory challenges to st...
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KuCoin commits to support Terra Classic 1.2% Tax Burn

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