Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales
Coinbase missed revenue estimates in the third quarter, reporting $1.20 billion against $1.233 billion expected, and monthly transacting users fell to 7.4 million from 9.3 million a year earlier. Subscription revenue grew to $570 million and its crypto trading share rose to 10.7%. Traders should note the reliance on trading activity and the planned new share sales.
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