At least one analyst is urging investors to overlook quarterly trading fluctuations and focus on the larger industry trends. “Some of the near-term themes have similarities to HOOD [Robinhood] as trading engagement slowed in the quarter from a record first half, deflating some of the first-half enthusiasm,” JMP Securities’ Devin Ryan told clients in an early October research note. “This near-term focus misses the bigger story around the ongoing rapid evolution of the crypto economy, growing use cases for crypto, and Coinbase’s value proposition,” Ryan added.
Coinbase’s Q3 Crypto Trading Volumes to Be Key for Investors, Analysts Say
