Cryptocurrency broker Coinbase Global is set to report its fourth-quarter financials after the closing bell on Tuesday. Investors should be prepared for a messy set of results, reflecting a difficult 2022.
A plunge in crypto prices and waning interest in digital assets among investors have wreaked havoc on Coinbase stock (ticker: COIN), which has tumbled by almost two-thirds in the past year. The platform remains heavily reliant on fees linked to token trading to generate revenue, so the bottom line has taken a hit as falling prices have discouraged its core audience of retail investors.