Coinbase reported $1.2 billion net revenue in Q3 2021, a 39% decrease compared to the previous three-month period. Due to lower market volatility in Q3, the leading US crypto exchange saw a decrease in both retail and institutional trading volumes, despite accelerated listings.Key metrics In Q3, Bitcoin (BTC) and Ethereum (ETH) comprised 41% of Coinbase’s total trading volume, … [Read more...] about Coinbase revenues drop despite listing altcoins like Shiba Inu
Revenues
Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
As for its outlook, Coinbase said that “while we entered Q3 with softer crypto market conditions, driven by low volatility and declining crypto asset prices, market conditions improved meaningfully later in the quarter which we have continued to see into early Q4.” Source link … [Read more...] about Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion. Source link … [Read more...] about PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
Coinbase Revenues Could Hit Nearly $50B by 2025, Investment Firm Says
Coinbase could reach $49.2 billion in revenue exiting 2025 under a bullish outlook of mass crypto adoption, rising interest among institutional investors and the sector growing to $6.8 trillion in total size. Under a more conservative crypto market cap estimate of $3.4 trillion, the firm would more than double revenues to $21.3 billion by 2025. Source link … [Read more...] about Coinbase Revenues Could Hit Nearly $50B by 2025, Investment Firm Says
Capturing lost intellectual property revenues with blockchain
The transition to a more digitalized society based on an information economy has created intense pressure for companies to rethink their intellectual property (IP) management. Intangible assets can represent more than 80% of the value in a firm’s balance sheet, and intellectual property in the United States is now worth over $6 trillion in gross domestic product, according to … [Read more...] about Capturing lost intellectual property revenues with blockchain