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Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

By Helene Braun|Edited by Aoyon Ashraf

Updated Aug 2, 2024, 5:35 p.m. Published Aug 2, 2024, 5:32 p.m.

Wall Street analysts characterized Coinbase’s second-quarter earnings as ‘solid’, given the industry's downtick in trading volume - the exchange’s biggest source of income historically. (PiggyBank/Unsplash)