Wall Street expects a sluggish second quarter from Coinbase as crypto trading activity cools, putting all eyes on and pending U.S. crypto legislation. Trading volumes plunged in April and May, prompting multiple top Wall Street firms to slash their second-quarter estimates for Coinbase. Softer transaction numbers are expected to be partially cushioned by steady subscription and services income, including stablecoin interest and staking rewards. Long-term growth initiatives like prediction marke…
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