Later right now Coinbase, the American crypto large will report its fourth-quarter and full-year 2022 outcomes. Given continued turbulence within the cryptocurrency market, and a tough doubling within the worth of Coinbase’s inventory for the reason that December timeframe, TechCrunch has lengthy awaited this specific set of information.
Whereas Coinbase is not a startup, it’s a goliath in one of many largest web3 markets. Meaning its outcomes will assist us perceive the American crypto market extra typically, each by way of the corporate’s historic outcomes by the tip of final 12 months (how issues went), and the way the corporate particulars its expectations for this 12 months to the investing public (what’s forward).
Traders have just lately taken a shine to Coinbase shares after bidding their worth down sharply in 2022; after buying and selling to the low $30s final December, the corporate’s inventory has recovered to the mid-$60s right now. That’s a comeback value billions in market cap. Startups may view the restoration in Coinbase’s value a optimistic harbinger for their very own worth. We’ll see.
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