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Coinbase says crypto is seeing ‘dawn of a new era.’ But does Wall Street share its optimism? - MarketWatch

1. Coinbase reports 2024 revenue of $6.6 billion, doubling from 2023. 2. Fourth-quarter revenue hits $2.3 billion, exceeding projections significantly. 3. Analysts anticipate strong growth due to market share recovery from competitors. 4. U.S. regulation is expected to become more favorable for the crypto industry. 5. Coinbase's earnings signal a potential shift in the crypto landscape.

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FAQ

Why Bullish?

The strong earnings report and revenue growth indicate a positive market response. Historically, significant revenue beats on earnings have led to stock price increases.

How important is it?

The article outlines major financial indicators and market trends impacting Coinbase directly. Given the context of bullish earnings and potential regulatory changes, it is likely to influence investor sentiment significantly.

Why Long Term?

The shift in regulation and market share recovery can sustain growth momentum. Past instances of regulatory clarity have bolstered stock performance over time.

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