Coinbase Reports Earnings Today. Why the Crypto Firm Could Break Out of Its Slump.

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Coinbase is set to report its third-quarter earnings, potentially breaking out of its slump after a 17% drop in August following disappointing second-quarter earnings. The company's stock has struggled to recover since July, when it surged 52% due to rising crypto prices and regulatory momentum. The upcoming earnings report may provide a catalyst for the stock to rebound.

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Market impact analysis based on neutral sentiment with 75% confidence.

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Coinbase Global reports third-quarter earnings Thursday afternoon, giving the cryptocurrency behemoth a chance to get back on track in what has been a rough second half of the year. Shares of Coinbase rocketed 52% higher through July, buoyed by rising crypto prices, regulatory momentum, and the company’s inclusion in the It’s been a slog since then. The stock plummeted 17% on Aug. 1 after second-quarter earnings results showed a 39% drop in transaction revenue—and Coinbase is yet to claw back those losses.

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