Crypto platform Coinbase Global
is set to issue highly anticipated quarterly results Thursday after the close of regular trading.
Although, there aren’t expected to be a ton of surprises from the digital-asset company—it offered an early glimpse of its results before its mid-April listing on Nasdaq Inc.
—strategists are looking for more insights on how it manages fees and grows as competition increases in the nascent crypto space that seems in the midst of a boom.
“While Coinbase has been able to rely on its first mover advantage and brand familiarity so far, margins will continue to compress from competition with both ‘CeFi’ brokerages like BlockFi and ‘DeFi’ alternatives like Uniswap,” wrote Matthew Wheeler, global head of market research at Forex.com, referring to traditional centralized financial, or CeFi, and decentralized financial, DeFi, platforms.
Back in early April,…