What's Happening With Coinbase?

Despite the tremendous rise of Bitcoin and in general all cryptos in the last two weeks, Coinbase did not bring the best results in terms of its revenues and profits.

The announcement of earnings, which were lower than expected, brought a drop in the price of Coinbase's stock as well as a general numbness in the field of cryptos regarding the outlook it will have for the near future.

The main reasons for the company's reduced revenue were the fall of around 10% of Ethereum and the decrease in interest rates which forced many investors to withdraw funds from the crypto space.

Here we have to note that Bitcoin has shown a reduced volatility of 40% compared to 2020, which shows how much the market has matured and what investors have entered………

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