Week In Crypto: Coinbase, AMC, And The Poly Network Hack – Investing.com
- Date: 11-Aug-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Week In Crypto: Coinbase, AMC, And The Poly Network Hack – Investing.com
Cryptocurrency is having a material impact on traditional finance, stocks, and markets more than ever. It is arguably no longer an isolated ecosystem, divorced from anything other than indeterminable mania and depressions.
Supporting this supposition are the developments in the crypto space just this year; several crypto-backed ETFs became tradable in North America, appeared on the balance sheet of several Fortune 500 companies, and crypto-exchanges have achieved public listings. Speaking of the devil, the NASDAQ listed Coinbase Global (NASDAQ:) has reported its yesterday, comfortably beating its earnings expectations.
Fittingly, I plan to mark the occasion by crafting one of my periodical recaps of the crypto space.
The largest crypto exchange in the US, Coinbase, has reported Q2 earnings above expectations (total revenue of US$2.2 billion vs US$1.85 billion expected). Coinbase’s revenue growth is impressive considering that since the Company’s last earnings report, Bitcoin and its ilk have taken a nosedive in price.
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