Coinbase 超出銷售預測，但警告第三季將出現“適度的逆風”

Coinbase Global Inc. 週四公佈的第二季度銷售額超出了華爾街的預期，但該加密貨幣交易所警告稱，第三季度將出現“溫和的阻力”

Coinbase Global Inc. on Thursday reported second-quarter sales that beat Wall Street's expectations, but the cryptocurrency exchange warned of "modest headwinds" in the third quarter.

Coinbase Global Inc. 週四公佈的第二季銷售額超出了華爾街的預期，但加密貨幣交易所警告稱，第三季將出現「溫和的阻力」。

Coinbase said it expected third-quarter subscription and services revenue of between $530 million and $600 million, a bit below analysts' forecasts.

Coinbase 表示，預計第三季訂閱和服務收入將在 5.3 億美元至 6 億美元之間，略低於分析師的預測。

The company also said it expected a 3% drop in the average price of ether in July, and higher costs related to efforts to spur wider use of USDC, a stablecoin pegged to the U.S. dollar. Stablecoins are a key element of the crypto-trading infrastructure.

該公司還表示，預計 7 月以太幣平均價格將下跌 3%，與刺激更廣泛使用 USDC（一種與美元掛鉤的穩定幣）的努力相關的成本將會上升。穩定幣是加密貨幣交易基礎設施的關鍵要素。

Coinbase (COIN) shares rose 1.8% after hours on Thursday after the company reported adjusted earnings of 14 cents a share, beating expectations for 95 cents a share. Revenue also beat forecasts for $1.39 billion, coming in at $1.45 billion.

Coinbase (COIN) 週四盤後股價上漲 1.8%，此前該公司公佈調整後每股收益 14 美分，超出每股 95 美分的預期。營收也超出預期 13.9 億美元，達到 14.5 億美元。

The stock finished regular trading down 5.2%.

該股常規交易結束時下跌 5.2%。

Coinbase reported second-quarter net income of $36.2 million, or 14 cents a share, contrasting with a loss of $97.4 million, or 42 cents a share, in the same quarter last year. Revenue, which comes from things like trading fees and subscriptions, roughly doubled to $1.45 billion.

Coinbase 報告第二季淨利潤為 3,620 萬美元，即每股 14 美分，而去年同期虧損 9,740 萬美元，即每股 42 美分。來自交易費和訂閱等的收入大約翻了一番，達到 14.5 億美元。

Analysts polled by FactSet expected Coinbase to earn 95 cents a share, on revenue of $1.39 billion.

FactSet 調查的分析師預計 Coinbase 每股收益 95 美分，營收 13.9 億美元。

Coinbase shares were up 1.8% after hours on Thursday. The stock finished regular trading 5.2% lower.

Coinbase 股價週四盤後上漲 1.8%。該股常規交易收盤下跌 5.2%。

Still, Coinbase's stock is up around 22% so far this year, and Wall Street has been upbeat on the prospect of more regulatory clarity and deregulation and mainstream adoption.

儘管如此，Coinbase 的股價今年迄今仍上漲了約 22%，華爾街對監管更加明確、放鬆監管和主流採用的前景持樂觀態度。

The Securities and Exchange Commission earlier this year approved exchange-traded funds tied to bitcoin (BTCUSD). The Supreme Court also this summer overturned the so-called Chevron doctrine, a move that undercut federal agencies' influence on regulations. And the crypto industry's political influence - in part through a super PAC called Fairshake, for which Coinbase has offered a hefty amount of financial support - has grown.

美國證券交易委員會今年稍早批准了與比特幣（BTCUSD）掛鉤的交易所交易基金。今年夏天，最高法院還推翻了所謂的“雪佛龍原則”，此舉削弱了聯邦機構對監管的影響力。加密貨幣產業的政治影響力——部分是透過名為 Fairshake 的超級政治行動委員會，Coinbase 為其提供了大量的財政支持——不斷增長。

Former president and Republican nominee Donald Trump last month said he would build a strategic bitcoin reserve if he won this year's presidential election. However, as Coindesk noted on Thursday, the presidential race has tightened, as Vice President Kamala Harris' campaign builds momentum after President Joe Biden's decision to leave the race - and traders are still processing economic data and appetites for riskier investments like crypto.

前總統、共和黨候選人川普上個月表示，如果他贏得今年的總統選舉，他將建立戰略比特幣儲備。然而，正如Coindesk 週四指出的那樣，總統競選已經緊張，在總統喬·拜登決定退出競選後，副總統卡馬拉·哈里斯的競選勢頭增強，交易員仍在處理經濟數據和對加密貨幣等風險較高的投資的興趣。

But Oppenheimer analysts said the outlook for Coinbase was still favorable.

但奧本海默分析師表示，Coinbase 的前景仍然樂觀。

"When good actors in the industry are treated fairly, and sensible and predictable regulations/policies are implemented, blockchain adoption should continue, especially as more [traditional finance] powerhouses enter the space," they said in a research note last month.

他們在上個月的一份研究報告中表示：「當行業中的優秀參與者受到公平對待，並實施明智且可預測的法規/政策時，區塊鏈的採用應該會繼續，特別是隨著更多[傳統金融]巨頭進入該領域。

"With increasing regulatory clarity, adoption and potential S&P 500 inclusion, we believe Coinbase's long-term thesis is highly underappreciated, given the massive attention on current volume and regulations."

“隨著監管的日益明確、採用以及潛在的標準普爾 500 指數納入，我們認為，考慮到對當前交易量和監管的廣泛關注，Coinbase 的長期論點被嚴重低估。”