Coinbase’s Interest Income May Be Bright Spot Amid Challenging Third Quarter

Coinbase podría registrar ingresos de US$1200M el próximo año por la suba de las tasas de interés, según JPMorgan

Trading volumes continue to fall, according to Mizuho, which has been more bearish versus peer analysts on the stock. “3Q trading activity on Coinbase has been range-bound of late, and lack of volatility has weighed on volumes,” analyst Dan Dolev wrote in a recent note to clients. Additionally, Dolev sees the interest income boost being short-lived as Coinbase’s customers could seek higher-yielding alternatives for their cash deposits.

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