Coinbase Q1 Earnings Preview: Bitcoin Rally Carry Go Make Revenue Burst and Market Mindset Hot
Coinbase Global (NASDAQ: COIN), wey be di main U.S. cryptocurrency exchange, go drop im Q1 money report on May 8. Market pipo wey dey analyze expect say Coinbase go gain from how Bitcoin price don dey go up recently, with pipo wey sabi foreseeing say dem go make $1.98 per share (EPS) and total money of $2.09 billion. This one show say dem improve by 27.4% compared to last year. Dem expect this strong money performance because say pipo dey trade more and di market dey change faster because Bitcoin price jump. Investors dey watch Coinbase results well well, because wetin di company make as profit often show how pipo dey feel generally and wetin dey happen for di cryptocurrency world. If di result good, e fit make both Coinbase stock and digital assets go up. But, traders still dey careful about govment rules wey no clear and if crypto price fit change. Dem go watch di Q1 report well for beta understanding about how Coinbase dey operate, if dem fit make use of di bull market, and how e go affect both stock market and crypto spot market. Important symbols wey traders go track be COIN, BTC, and ETH.
Bullish
Coinbase Q1 moni wey dem first show, because of how Bitcoin take climb up recently, go show say dem get moni and profit wey just rise up, e mean say pipo don dey trade pass before and market get good feeling. Before before, anytime Coinbase get good moni, e dey make COIN stock and all dis crypto market, especially Bitcoin and Ethereum, go up well well. Even if goment palava and price wahala dey, di 27.4% moni wey increase pass last year go make traders happy. Join am with say di company sabi use di up and down of di market make moni, traders tink say short time market go good, but dem still fit watch out for problem later.