{"id":26107,"date":"2023-11-07T23:47:32","date_gmt":"2023-11-07T23:47:32","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=26107"},"modified":"2023-11-07T23:47:32","modified_gmt":"2023-11-07T23:47:32","slug":"coinbase-q3-earnings-regulatory-clarity-is-all-we-need-and-a-miracle-or-two","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2023\/11\/07\/coinbase-q3-earnings-regulatory-clarity-is-all-we-need-and-a-miracle-or-two\/","title":{"rendered":"Coinbase Q3 earnings: Regulatory clarity is all we need. And a miracle or two"},"content":{"rendered":"<p>Amy and I wrote up Coinbase&#8217;s 10-Q and earnings call for the third quarter of 2023. It&#8217;s over at Amy&#8217;s. [<i><a href=\"https:\/\/amycastor.com\/2023\/11\/07\/coinbase-q3-earnings-regulatory-clarity-is-all-we-need-and-a-miracle-or-two\/\">Amy Castor<\/a><\/i>]<\/p>\n<p>It\u2019s been nearly two years since Coinbase turned a profit. Things have only worsened since the previous quarter. The bubble burst in May 2022 \u2014 and the customers just got up and left.<\/p>\n<p>This is why Coinbase is so insistent on trading blatant unregistered securities  \u2014 it\u2019s all they have left for a business model. <\/p>\n<p>Coinbase are screwed and they know it. This 10-Q is a prayer for a miracle.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/06\/07\/the-sec-sues-coinbase-its-on\/armstrong-grewal\/\" rel=\"attachment wp-att-25511\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/06\/armstrong-grewal.jpg\" alt=\"\" width=\"510\" height=\"315\" class=\"aligncenter size-full wp-image-25511\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/06\/armstrong-grewal.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/06\/armstrong-grewal-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/06\/armstrong-grewal-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>This is why Coinbase is so insistent on trading blatant unregistered securities  \u2014 it\u2019s all they have left for a business model. <\/p>\n","protected":false},"author":1,"featured_media":25511,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[288,33],"class_list":["post-26107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-coinbase","tag-sec"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/06\/armstrong-grewal.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=26107"}],"version-history":[{"count":3,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26107\/revisions"}],"predecessor-version":[{"id":26110,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26107\/revisions\/26110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/25511"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=26107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=26107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=26107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}