Coinbase Just Posted a $719 Million Profit. Why Did Barclays Cut Its Target to $120?

Coinbase Just Posted a $719 Million Profit. Why Did Barclays Cut Its Target to $120?

Coinbase just reported a blockbuster quarter, yet five banks responded by slashing their price targets, with one analyst taking aim far below where the stock currently trades. The gap between the headline number and what it actually reveals about the business tells a very different story.

Coinbase’s $719 million profit reveals a company caught between two crypto economies

The Q3 gap between stablecoin revenue and disclosed holder-rewards expense fell 16.6%, a calculation that excludes other costs and income. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst...

Coinbase's $719 million profit reveals a company caught between two crypto economies

The Q3 gap between stablecoin revenue and disclosed holder-rewards expense fell 16.6%, a calculation that excludes other costs and income. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox