Coinbase Down 12% From November Peak as Crypto Exchange Faces Growing Skepticism Over Revenue Sustainability
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Bitcoin fell 8% from its December peak. This threatens the transaction volume that drove Coinbase’s 37% Q3 revenue jump.
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Coinbase trades at 23.7x earnings with a beta of 3.69. It amplifies crypto volatility in both directions.
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COIN is down 12% from its November high while Robinhood holds steadier due to diversified revenue beyond crypto.
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Shares of Coinbase (NASDAQ:COIN) have fallen 11% in the last month, coinciding with a sharp turn in retail investor sentiment across Reddit and X. Once a darling of…
