Coinbase (NASDAQ:COIN) shares are trading ~10% higher ahead of its Q2 earnings as crypto prices gained, but with challenging market conditions, will the crypto exchange beat consensus?
COIN is scheduled to announce Q2 earnings results on Tuesday, August 9th, after market close.
Bitcoin (BTC-USD) and ethereum (ETH-USD) are making solid gains Monday morning as investors continue to return to risk-on assets. Bitcoin, up 4.8% over the last 24 hours, has reclaimed $24K and ether has gained 5.8%, reaching $1.7iK.
The move up comes as markets shook off concerns raised by Friday's unexpectedly strong July jobs report.
However, the crypto market conditions remain challenging, with Bitcoin having lost ~45% of its value in the last six months.
Coinbase has partnered with asset management behemoth BlackRock to enable its institutional clients to trade bitcoin.
Citi Analyst Peter Christiansen opened a 90-day upside catalyst watch on the cryptocurrency exchange's stock, but not due to any...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...