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Supply Shock

Bitcoin ETF Inflows Remain High, Coinbase Beat Earnings | Quinn Thompson

Feb 21, 2024
This week's podcast explores bullish catalysts for crypto in 2024, high ETF inflows, and Coinbase's earnings. Also discussed are MANTRA Chain's blockchain innovation, market dynamics, and the potential impact of ETF approval on Bitcoin and Ethereum. The episode delves into economic data analysis, market risks, and historical UK economic contexts, providing valuable insights for listeners.
58:30

Episode guests

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Quick takeaways

  • Coinbase exceeded earnings estimates due to strong growth in consumer trading and institutional subscription services.
  • MANTRA Chain offers a high-performance blockchain addressing regulatory compliance gaps in the Cosmos ecosystem.

Deep dives

Coinbase's Q4 earnings beat expectations

Coinbase reported impressive Q4 earnings, exceeding expectations in terms of revenue and profitability. The company experienced significant growth in its consumer and institutional trading, with a quarter-over-quarter increase in revenue of over 100% in the transaction sector. Additionally, Coinbase saw improvements in net income and adjusted EBITDA, going from significant losses in 2022 to profits in 2023. These results highlight Coinbase's successful performance and solidify its position as a leader in the cryptocurrency industry.

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