Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-05-12 17:00:24

Coinbase: The End Of The Beginning Or The Beginning Of The End?

Coinbase reported a surprise loss in Q1 2022. The -34% plunge in retail transaction revenue in the face of 51% retail user growth, raises a red flag.Since my last Coinbase report on September 28, 2022 consensus earnings estimates have plunged from +$6.79 per share to a loss of -$4.82 per share.Stablecoins have begun to “break a buck” offering a glimpse into the shadow banking leverage underlying the global crypto markets and the systemic risks.As a structural member of the global crypto foundation, Coinbase is directly supporting over 300 companies with venture capital investments, creating unquantifiable interdependencies.For those who believe in a prosperous future for the crypto economy, Coinbase is a top investment choice. Everyone else may wish to watch from a safe distance.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer