Coinbase: Still Overvalued After The Fall

Olemedia After sharp losses in late July and early August, the fear in the markets has gradually cooled and volatility has eased. The same is true for the crypto markets, as Bitcoin has continued to vigorously defend a price in the ~$60k range. Lower volatility in the crypto markets, meanwhile, has hurt trading revenues at Coinbase (NASDAQ:COIN), one of the largest and best-known cryptocurrency wallets and exchanges. The company recently reported Q2 results that showed a substantial sequential slowdown on l ...