Pro Research: Wall Street examines Coinbase's trajectory
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In the dynamic world of cryptocurrency exchanges, Coinbase (NASDAQ:COIN) Global, Inc. (NASDAQ:COIN) stands as a significant player, providing a platform for buying, selling, transferring, and storing digital currency. As the cryptoeconomy evolves, so does the scrutiny from investors and analysts, who keep a keen eye on the company's performance, market trends, and regulatory environment.
Coinbase Global , Inc. has established itself as a major financial platform in the cryptocurrency space, with retail engagement playing a pivotal role in its revenue and profitability. The company's user base and trading volume per retail Monthly Transacting User (MTU) have seen fluctuations, with some signs of stabilization in market share in the third quarter.
Analysts have taken note of Coinbase's financial adjustments, with revenue and EBITDA estimates reflecting a cautiously optimistic outlook. Revenue projections for the coming years suggest a trajectory of $2,662 million in 2023 and $2,437 million in 2024. Similarly, EBITDA is expected to be $634 million in 2023, decreasing to $486 million in 2024. This financial forecasting indicates a company that, while facing challenges, is managing to navigate
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