Certain factors play a large role in exchanges and brokerage profitability. COIN earnings expose those factors and also provide insight on the positive trend in cryptocurrency adoption.
Earnings out soon in a company that already preannounced deliveries. Investors will look to the future and buy this for a bounce.
Investors are usually pleasantly surprised by this critical supply chain player’s ability to not only pre-announce better than expected earnings estimates, but also – within weeks – beat those estimates. With increased demand after the COVID pandemic, this trend is likely to continue.