Coinbase Earnings to Test Crypto Market Momentum
Coinbase Global Inc is set to report its earnings after the bell, with options markets expecting a potential 7.3% swing.
The company's stock price has been volatile in recent quarters, but analysts are looking for a break from its year-long losing streak.
Crypto assets Bitcoin and Ethereum have shown renewed momentum, rising 2% and 2.1% today, respectively.
President Trump's push for the CLARITY Act has sparked optimism among investors, who hope it will clarify crypto regulation.
Coinbase is also set to launch stock-pegged tokens, which could further boost investor confidence.