Coinbase is falling after revenue miss, but Citigroup says a rebound is coming. Here's why

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Coinbase is falling after revenue miss, but Citigroup says a rebound is coming. Here's why

The crypto market structure bill wending its way through Congress —known as the CLARITY Act — could significantly boost Coinbase's growth prospects if it passes, according to Citigroup. …

The crypto market structure bill wending its way through Congress —known as the CLARITY Act — could significantly boost Coinbase's growth prospects if it passes, according to Citigroup. Shares of Coinbase are falling after it posted a surprise first-quarter loss on Thursday evening. Trading activity on the platform fell, hurt by the slump in crypto prices in the first three months of the year. …

Original source: CNBC Top News

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Citi · White House · Congress · Coinbase