Coinbase’s earnings offer some direction, but the darkening outlook for its business of stablecoins and staking is having an impact
Muhammad Farouk Abdulrahman
Philip Lagerkranser
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Coinbase released quarterly earnings this week, providing an etch-a-sketch road map of what’s ahead for digital-asset investors.
But the darkening outlook for Coinbase’s business of stablecoins and staking is having an impact. The company had been counting on these business threads to help jump-start growth. But regulators are pushing for increased scrutiny of these offerings.
Also this week: A lot of action is happening on Bitcoin. And FTX Japan has resumed withdrawals.
Bloomberg Editors Beth Williams and Anna Irrera join this episode to unpack the news of the week.
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This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.
