Benzinga
  • 2 months ago
Coinbase reported third-quarter earnings that fell short of expectations as sluggish cryptocurrency trading dampened results. The crypto trading platform anticipates increased trading in the fourth quarter, though a recent ether price drop may limit subscription and services growth. The cryptocurrency market has faced a prolonged slump, with Bitcoin trading in a limited range amid low volatility. The company announced a $1 billion stock buyback program.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Coinbase reported third quarter earnings that fell short of expectations as sluggish cryptocurrency
00:07trading dampened results. The crypto trading platform anticipates increased trading in the
00:12fourth quarter, though a recent Ether price drop may limit subscription and services growth.
00:17The cryptocurrency market has faced a prolonged slump with Bitcoin trading in a limited range
00:21amid low volatility. The company announced a $1 billion stock buyback program.
00:27For all things money, visit Benzinga.com slash GSTV.

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