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Coinbase Could Have a Blowout Quarter

TheMotleyFool

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Coinbase (NASDAQ: COIN) reports earnings after the market closes on Thursday, Feb. 24, 2022, and the market doesn't seem to be expecting a lot from the company. Shares of the stock are down 47% since the third-quarter 2021 earnings report was released, and cryptocurrency in general has been under a lot of pressure in those three months.

But investors should keep in mind how Coinbase makes money. It doesn't need cryptocurrency prices to rise to make money; it needs people to make transactions. And transactions of cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are up since the third quarter, indicating that Coinbase's results may be better than hoped.

Image source: Getty Images.

Source Fool.com

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