{"id":554825,"date":"2023-02-22T01:43:46","date_gmt":"2023-02-21T22:43:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-beats-q4-earnings-estimates-amid-falling-transaction-volume\/"},"modified":"2023-02-22T01:43:46","modified_gmt":"2023-02-21T22:43:46","slug":"coinbase-beats-q4-earnings-estimates-amid-falling-transaction-volume","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-beats-q4-earnings-estimates-amid-falling-transaction-volume\/","title":{"rendered":"# Coinbase beats Q4 earnings estimates amid falling transaction volume"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a279d93bf06b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a279d93bf06b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/coinbase-beats-q4-earnings-estimates-amid-falling-transaction-volume\/#%E2%80%9D_Coinbase_beats_Q4_earnings_estimates_amid_falling_transaction_volume_%E2%80%9C\" >&#8221; Coinbase beats Q4 earnings estimates amid falling transaction volume &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Coinbase_beats_Q4_earnings_estimates_amid_falling_transaction_volume_%E2%80%9C\"><\/span>&#8221; Coinbase beats Q4 earnings estimates amid falling transaction volume &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvZDMyMWEzNjctMjg5Ni00NzMxLWI5NTYtMGUyNzkxNWVlMmU4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline.<\/p>\n<p>Net revenue for the exchange came in at $605 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/s27.q4cdn.com\/397450999\/files\/doc_financials\/2022\/q4\/Shareholder-Letter-Q4-2022.pdf\">million<\/a> for the quarter, beating the $589 million revenue <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.barrons.com\/articles\/coinbase-earnings-stock-price-2587280b\" data-amp=\"https:\/\/www-barrons-com.cdn.ampproject.org\/c\/s\/www.barrons.com\/amp\/articles\/coinbase-earnings-stock-price-2587280b\">reportedly<\/a> estimated by Wall Street analysts<\/p>\n<p>Transaction volumes decreased 12% compared to the prior quarter, however, Coinbase pointed to a 34% increase in sub<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ion and service revenues as the reason for its 5% total revenue growth for the quarter.\u00a0\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Our Q4 and FY&#8217;22 financial results are in.<\/p>\n<p>Our letter to shareholders can be found on the Investor Relations website at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/8ovHEtPRgf\">https:\/\/t.co\/8ovHEtPRgf<\/a><\/p>\n<p>\u2014 Coinbase (@coinbase) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/coinbase\/status\/1628147717233954816?ref_src=twsrc%5Etfw\">February 21, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>While Coinbase reiterated its belief that its staking products are not securities, staking revenues fell compared to the prior quarter as the fall in crypto prices outweighed the increase in staked balances across all crypto tokens.<\/p>\n<p><strong>Related:\u00a0<em>US regulatory crackdown leads to $32M digital asset outflows: CoinShares<\/em><\/strong><\/p>\n<p>The exchange is currently facing an investigation by the Securities and Exchange Commission (SEC) into its staking products, similar to the one which resulted in its peer crypto exchange Kraken settling with the regulator for $30 million.<\/p>\n<p>Coinbase noted that 2022 was &#8220;a challenging year for crypto markets,&#8221; with macroeconomic events and events such as the bankruptcies of crypto hedge fund Three Arrows Capital and exchanges Voyager and Celsius resulting in strong headwinds for the industry.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-beats-q4-earnings-estimates-amid-falling-transaction-volume\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Coinbase beats Q4 earnings estimates amid falling transaction volume &#8220; United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline. Net revenue for the exchange came in at $605 million for the quarter, beating the $589 million revenue reportedly estimated by&#8230;<\/p>\n","protected":false},"author":1,"featured_media":554826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/d321a367-2896-4731-b956-0e27915ee2e8.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74956,74860,75917,117,67874],"class_list":["post-554825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinbase","tag-cryptocurrency-exchange","tag-exchanges","tag-business","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=554825"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/554826"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=554825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=554825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=554825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}