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19 April 2021

This is why Coinbase $1,8B Q1 earnings are bullish for Bitcoin

This is why Coinbase $1,8B Q1 earnings are bullish for Bitcoin


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Within a week of its IPO, Bitcoin and crypto exchange Coinbase has generated great hype.

Itsearnings report for Q1 2021 could have an impact that will be felt throughout the crypto market.

Frost believes that once brokerages get a hold of Coinbase earnings, the exchange will “crush” their expectations.

This will be another reason why institutions won’t be able to continue ignoring the crypto market, as John Capital also claimed.

Predicting a sustained increase for Coinbase over the next quarter, Frost believes that institutions will rush to take a stake on Coinbase and the cryptomarket.

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