Coinbase 超出销售预测，但警告第三季度将出现“适度的逆风”

Coinbase Global Inc. 周四公布的第二季度销售额超出了华尔街的预期，但该加密货币交易所警告称，第三季度将出现“温和的阻力”

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. 周四公布的第二季度销售额超出了华尔街的预期，但该加密货币交易所警告称，第三季度将出现“温和的阻力”。

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，预计第三季度订阅和服务收入将在 5.3 亿美元至 6 亿美元之间，略低于分析师的预测。

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.

该公司还表示，预计 7 月份以太币平均价格将下跌 3%，并且与刺激更广泛使用与美元挂钩的稳定币 USDC 相关的成本上升。稳定币是加密货币交易基础设施的关键要素。

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) 周四盘后股价上涨 1.8%，此前该公司公布调整后每股收益 14 美分，超出每股 95 美分的预期。收入也超出预期 13.9 亿美元，达到 14.5 亿美元。

The stock finished regular trading down 5.2%.

该股常规交易结束时下跌 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 报告第二季度净利润为 3620 万美元，即每股 14 美分，而去年同期亏损 9740 万美元，即每股 42 美分。来自交易费和订阅等的收入大约翻了一番，达到 14.5 亿美元。

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

FactSet 调查的分析师预计 Coinbase 每股收益 95 美分，营收 13.9 亿美元。

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

Coinbase 股价周四盘后上涨 1.8%。该股常规交易收盘下跌 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.

尽管如此，Coinbase 的股价今年迄今仍上涨了约 22%，华尔街对监管更加明确、放松监管和主流采用的前景持乐观态度。

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.

美国证券交易委员会今年早些时候批准了与比特币（BTCUSD）挂钩的交易所交易基金。今年夏天，最高法院还推翻了所谓的“雪佛龙原则”，此举削弱了联邦机构对监管的影响力。加密货币行业的政治影响力——部分是通过名为 Fairshake 的超级政治行动委员会，Coinbase 为其提供了大量的财政支持——不断增长。

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.

前总统、共和党候选人唐纳德·特朗普上个月表示，如果他赢得今年的总统选举，他将建立战略比特币储备。然而，正如 Coindesk 周四指出的那样，总统竞选已经紧张，在总统乔·拜登决定退出竞选后，副总统卡马拉·哈里斯的竞选势头增强，交易员仍在处理经济数据和对加密货币等风险较高的投资的兴趣。

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

但奥本海默分析师表示，Coinbase 的前景仍然乐观。

"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.

他们在上个月的一份研究报告中表示：“当行业中的优秀参与者受到公平对待，并实施明智且可预测的法规/政策时，区块链的采用应该会继续，特别是随着更多[传统金融]巨头进入该领域。”

"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."

“随着监管的日益明确、采用以及潜在的标准普尔 500 指数纳入，我们认为，考虑到对当前交易量和监管的广泛关注，Coinbase 的长期论点被严重低估。”