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Benchmark cuts Coinbase’s profit forecast as crypto trading remains weak

2026-07-23 00:27:24

Golden Finance reported that on July 22, ahead of Coinbase releasing its financial report next week, Benchmark lowered its earnings outlook for Coinbase. The reason given was weak performance in cryptocurrency trading. However, analysts noted that investors were overlooking the “option value” implied by the Clarity Act— for $COIN, the significance of this act could be more important than the company’s Q2 financial report results.

COIN-5.57%

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