Coinbase earnings prep: Profitability possible in Q4, but what’s next?

Though Coinbase is expected to report quarter-over-quarter improvements amid the latest crypto price rally, analysts seek further guidance on whether the company can sustain such a recovery.

The crypto exchange is set to report its fourth quarter results on Thursday, and analysts will be watching to see if the company made money during the year’s final three months.

“I think expectations are for a pretty substantial recovery in Coinbase’s trading revenue with the company potentially being profitable during the quarter,” said Morningstar analyst Michael Miller. “The surge in cryptocurrency prices has translated to higher trading volume, which will be a significant tailwind for…

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