Why Wall Street Isn’t Sweating Coinbase’s Post-Earnings Plunge—Crypto’s Long Game Looks Strong
Coinbase shares tanked after missing Q2 earnings—but analysts see blood in the water as a buying opportunity. Here's why the smart money's still betting on crypto's gateway exchange.
The dip that didn't surprise anyone
Traders shrugged off the 15% after-hours drop like yesterday's NFT hype. Institutions know crypto winters thaw—and Coinbase's $1.2B war chest positions it to outlast weaker rivals.
Regulatory headwinds vs. revenue tailwinds
While the SEC plays whack-a-mole with staking services, derivatives and institutional custody revenues grew 47% YoY. Because nothing fuels growth like regulators creating artificial scarcity.
The closer: Wall Street's open secret
Every crypto 'collapse' since 2017 birthed a higher low. Until TradFi builds a better on-ramp (spoiler: they can't), Coinbase remains the house that takes vig on both bull runs and panic sells.
