Coinbase surges 37% as BTC pumps and analysts tip strong Q4 results

Coinbase shares have surged ahead of its fourth-quarter earnings call on Thursday, with analysts tipping likely strong trading volumes in the quarter.

Shares in crypto exchange Coinbase have gained 37% over the past week alongside a recent surge in Bitcoin (BTC) and  while analysts expect strong numbers when the firm reports its fourth-quarter results on Thursday.

According to aggregated data from MarketWatch and FactSet, analyst consensus is tipping a strong revenue boost for Coinbase in the fourth quarter, increasing by around 22% from the third quarter to $825 million.

Some of this is predicted to come from strong trading volumes, with analysts estimating a near doubling from $76 billion in Q3 to $142.7 billion in Q4.

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Source: https://cointelegraph.com/news/coinbase-q4-earnings-share-price-surges-bitcoin-pump