Headwinds, tailwinds for Coinbase ahead of Q3 earnings

Coinbase is likely to reveal this week that economic challenges persisted in 2023’s third quarter, though potential positive regulatory developments could ultimately offer tailwinds for the company.  

Executives are set to report the company’s latest quarterly financial results Thursday. Coinbase suffered quarter-over-quarter declines in trading volumes and net revenue from April to June, as previously disclosed.

Read more: Coinbase’s situation ‘tenuous’ despite ‘better than feared’ Q2 results

Despite those second-quarter weak points, the exchange’s adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — remained positive for a second…

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