Coinbase Beats Revenue Estimates But Sees Declining Trading Volumes for Second Straight Quarter
-
Coinbase beat revenue estimates for Q3 but saw trading volumes decline for the second quarter in a row.
-
Trading volumes were $11 billion in Q3, compared to $26 billion a year earlier.
-
Revenue was $674.1 million, beating analyst estimates of $653.19 million.
-
Shares fell over 5% after results as investors considered the lower trading volumes.
-
Coinbase continues legal battle with SEC, which sued it for trading crypto assets deemed securities without registration.