Coinbase’s Q3 Earnings Miss Expectations 🚀

- Coinbase’s Q3 net earnings fell short of expectations, with its stock price down 2% to $207.50.

- Total net revenue was $1.1 billion, 3% below estimates.

- Lower transaction revenue and a decline in subscription services led to a revenue miss.

- However, lower operating expenses positively impacted adjusted EBITDA figures.

- The US presidential election is likely to be a positive catalyst for Coinbase and the crypto market.

- Institutional interest is on the rise; Coinbase is becoming a more significant component of various stock indices.

Share your thoughts in the comments! 💬