Shares in Nasdaq-Listed Cryptocurrency Exchange Coinbase (Coin) led 19.6% to $ 314.69 last week, registering its worst service since September 2024, according to data source trading.
On Thursday, Coin published his earnings report in 2nd quarter and revealed a net operating earnings per year. Stock of 12 cents, with a fall of 88.8% over the year in the bottom line.
$ 1.5 billion in revenue lacked Factset’s estimate of $ 1.59 billion, while Ebidta fell to $ 512 million as the transaction revenue slipped 39% from the previous quarter.
Price sales are in line with the late June analysis of the Crypto Research Firm 10x, which stated that the price in the second quarter appeared overpowered compared to basic elements. The company recommended shorting coin while buying BTC.
Early last month, the investment firm HC Wainwright sharply downgraded Coinbase to sell from Buy and said the second quarter surpassed basic elements.
Coin sets opportunities in demand
Sales have dealers chasing downward protection in coin.
From Friday, the one-year-old put-call craving measuring the implied volatility (demand) difference between put and call options, to 2.6%, the highest since April 21, according to Data Source Market Chameleon.
In other words, options offered insurance against price loss in the underlying asset traded with a 2.6 volatility premium for call options or bullish bets.
Read more: Bitcoin is still on the field for $ 140,000 this year, but 2026 will be painful: Elliott Wave Expert
