Later in the present day 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 because the December timeframe, TechCrunch has lengthy awaited this explicit set of knowledge.
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 usually, each when it comes to the corporate’s historic outcomes by way of the top 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 not too long ago 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 in the present day. That’s a comeback price billions in market cap. Startups may view the restoration in Coinbase’s price a constructive harbinger for their very own worth. We’ll see.
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