Will Higher Trading Volume Aid Coinbase (COIN) in Q1 Earnings? [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Trading volumes in the first quarter are likely to have benefited from increased crypto asset volatility and crypto asset prices, the primary driver of the trading business. The approval of Bitcoin spot ETF is likely to have aided trading volumes. The Zacks Consensus Estimate for total trading volume is pegged at 268 million, indicating an improvement of 84.8% from the year-ago reported number. The consensus estimate for total volume - Consumer is pegged at 17.1 million, suggesting a 119.6% increase from the year-ago reported number. The consensus mark for total volume - Institution is pegged at 222 million, up 79% from the year-ago reported number. Higher blended average fees for Consumer and Institutional combined with higher trading volumes are likely to have driven an increase in transaction revenues. While a prudent mix of simple and advanced trading volume is likely to have aide
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COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/20/24 - Form 144
- 5/20/24 - Form 144
- 5/20/24 - Form 144
- COIN's page on the SEC website