Coinbase Risks Losing Revenue Sources as Regulators Circle
- Staking, stablecoin revenue face regulatory uncertainty
- Analysts expect a fourth-quarter loss, another revenue drop
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A deeper look beyond the anticipated fourth-quarter results of Coinbase Global Inc. helps to explain the recent ratcheting up of tensions between Chief Executive Officer Brian Armstrong and US regulators.
The largest US cryptocurrency exchange is forecast by analysts to report a loss of nearly $600 million in the three months that ended in December, and a plunge in revenue for a fourth consecutive quarter after the close of regular trading Tuesday.