Have You Seen This?! What Coinbase Earnings Mean For Crypto!
Summary
TLDRDieses Video analysiert Coinbases Q2-Geschäftsergebnisse und deren Auswirkungen auf den Kryptowährungsmarkt. Es erklärt, wie Coinbase sein Geld verdient, vor allem durch Transaktionsgebühren, und diskutiert seine verschiedenen Produkt- und Dienstleistungsangebote. Die Analyse zeigt, dass obwohl die Handelsvolumina gesunken sind, die Erweiterungspläne von Coinbase auf eine optimistische Zukunft für Kryptowährungen hindeuten. Die Diskussion um die zukünftige Politik und ihre Rolle bei der Schaffung von Klarheit im US-Regulierungsbereich wird ebenfalls behandelt, was für die Stärkung des Marktes von entscheidender Bedeutung ist.
Takeaways
- 📈 Coinbase ist die größte Börse in den USA und die dritthöchste weltweit und hat im zweiten Quartal (Q2) 2024 ihre Ergebnisse veröffentlicht, die Einblicke in den Zustand des Krypto-Markts geben.
- 💼 Coinbase wurde 2012 von Fred Ehrsam und Brian Armstrong gegründet und bietet eine benutzerfreundliche Plattform, die es zu einer bevorzugten Wahl für Investoren macht.
- 💳 Coinbase bietet verschiedene Produkte und Dienstleistungen wie die Coinbase-Karte, die es ermöglicht, Kryptowährungen wie eine Visa-Girokarte auszugeben, und erhebt dafür eine Gebühr von 2%.
- 💼 Coinbase verdient hauptsächlich durch Transaktionsgebühren, die aufgrund der Benutzerfreundlichkeit und des Strebens nach regulatorischer Compliance höher als bei vielen anderen Börsen sind.
- 💰 Zusätzliche Einnahmequellen für Coinbase umfassen die Verwahrkosten für Kustodiendienstleistungen, Abonnementgebühren für Dienste wie Simple- und Advan-Konten sowie die Coinbase Prime-Plattform für institutionelle Investoren.
- 🤝 Coinbase hat auch durch Partnerschaften wie die mit dem USDC-Aussteller Circle Einnahmen, die durch die Vermögenswerte, die den USDC unterstützen, generiert werden.
- 📉 Im Q2 2024 hat Coinbase eine Rückgang der Umsätze und Gewinne pro Aktie festgestellt, was auf eine allgemeine Verlangsamung des Handelsvolumens im gesamten Krypto-Markt hindeutet.
- 📊 Die tatsächlichen Q2-Ergebnisse von Coinbase zeigten ein Einkommen aus Transaktionsgebühren von 781 Millionen USD und eine stetige Zunahme der Benutzerbasis trotz des Rückgangs des Handelsvolumens.
- 🛠️ Coinbase hat im Q2 auch Fortschritte in anderen Bereichen gemacht, einschließlich der Verbesserung der Effizienz der Basis-Blockchain, des Einführung von Smart-Wallets und der Verbesserung der Handelsplattformen für Ein- und Fortgeschrittene.
- 🔮 Für das dritte Quartal (Q3) 2024 ist Coinbase optimistisch bezüglich seiner weiteren Expansion und erwartet, dass seine Ausgaben zunehmen werden, um die Internationalisierung und Marketinganstrengungen zu unterstützen.
- 🌐 Die Ergebnisse von Coinbase deuten darauf hin, dass das Unternehmen auf die Zukunft des Krypto-Markts bullisch ist und dass es von einer institutionellen Investitionswelle profitieren wird, sobald die US-Regulierung klargestellt ist.
Q & A
Wie ist Coinbase in der Krypto-Branche einzuordnen?
-Coinbase ist der größte Börsenplatz in den USA und der dritthöchste weltweit, gefolgt von Binance und Bibit.
Was sind die Haupteinnahmequellen von Coinbase?
-Die Haupteinnahmequelle von Coinbase sind die Transaktionsgebühren, gefolgt von Einnahmen aus Verwahrdienstleistungen, Partnerschaften und Subskriptionsgebühren für Dienste wie Simple und Advanced Accounts.
Was ist der Coinbase Card und wie profitiert Coinbase davon?
-Die Coinbase Card ist eine bequeme Möglichkeit, Kryptowährungen auszugeben, ähnlich wie eine Visa-Debitkarte. Coinbase profitiert durch eine 2%ige Flatrate-Gebühr für diese Transaktionen.
Was ist das Bas-Netzwerk und welche Rolle spielt es bei Coinbase?
-Bas ist das eigene Ethereum Layer 2 Blockchain von Coinbase, das benutzern eine effizientere Interaktion mit der Ethereum Blockchain ermöglicht, mit nahezu sofortigen Transaktionen zu weniger als einem Cent.
Wie hat sich die Umsatzrendite von Coinbase im zweiten Quartal 2024 entwickelt?
-Die offiziellen Q2-Umsatzergebnisse von Coinbase zeigen einen Rückgang der Transaktionsgebühren um 27% auf 781 Millionen Dollar im Vergleich zum ersten Quartal.
Was bedeuten die steigenden Kosten für Coinbase im zweiten Quartal?
-Die Gesamtkosten von Coinbase im zweiten Quartal beliefen sich auf 1,1 Milliarden Dollar, eine Zunahme von 26% im Vergleich zum ersten Quartal, was auf verstärkte Marketingbemühungen und Spenden für pro-Krypto-Präsidentschaftskandidaten zurückzuführen ist.
Was ist das Adjusted EBITDA und wie sah es für Coinbase im zweiten Quartal aus?
-Das Adjusted EBITDA von Coinbase im zweiten Quartal betrug 596 Millionen Dollar, was für den sechsten aufeinanderfolgenden Quartalsgewinn steht.
Wie hat sich die Handelsvolumenentwicklung auf Coinbase im zweiten Quartal verändert?
-Das Handelsvolumen auf Coinbase im zweiten Quartal fiel von 312 Milliarden auf 226 Milliarden Dollar, was einem Rückgang von 28% entspricht.
Was sind die Erwartungen von Coinbase für das dritte Quartal 2024?
-Coinbase rechnet mit einem weiteren Wachstum und erwartet, dass die Kosten für Technologie und Entwicklung sowie für allgemeine Verwaltung und Marketingkosten zunehmen werden.
Was bedeutet die politische Landschaft für die Kryptowährungsregulierung in den USA und wie steht Coinbase dazu?
-Die Kryptowährungsregulierung hat in den USA an Bedeutung gewonnen und Brian Armstrong von Coinbase hat eine Schlüsselrolle bei der Förderung von politischer Aufmerksamkeit für Kryptowährungen übergenommen.
Wie hat sich die Handelstätigkeit auf Coinbase im Vergleich zu anderen Börsen entwickelt?
-Obwohl das Handelsvolumen insgesamt gesunken ist, hat sich die Handelsaktivität auf Coinbase im Vergleich zu anderen Brokern wie Robin Hood relativ stabil verhalten, was auf eine starke Kundenloyalität hindeutet.
Was sind die Auswirkungen der gesamtwirtschaftlichen Aussichten auf den Kryptowährungsmarkt?
-Die gesamtwirtschaftlichen Aussichten können den Kryptowährungsmarkt beeinflussen, da steigende失业率 und fallende Zinssätze auf eine wirtschaftliche Verlangsamung hinweisen, was für Kryptowährungen möglicherweise bearish ist.
Outlines
😀 Coinbase-Übersicht und Q2-Geschäftsergebnisse
Dieses Abschnitt beschreibt die Bedeutung von Coinbase, der größten Börse in den USA und der weltweit dritten größten, gegründet von Fred Ehrsam und Brian Armstrong. Es erläutert die Benutzerfreundlichkeit von Coinbase, seine Produkte und Dienstleistungen wie die Coinbase-Karte, Coinbase Earn, die Wallet und Prime für institutionelle Investoren. Die Haupteinnahmequelle ist die Transaktionsgebühr, die aufgrund der Benutzeroberfläche und strenger regulatorischer Einhaltung höher als bei anderen Börsen ist. Des Weiteren werden die Kustodiendienstleistungen, die Partnerschaften, insbesondere mit Circle und USDC, sowie die Einführung von Bas, der Ethereum Layer 2 Blockchain, erläutert.
📉 Analyse der Q2-Geschäftsleistung von Coinbase
Dieser Abschnitt präsentiert die Analyse der Q2-Geschäftsleistung von Coinbase, einschließlich der prognostizierten Einnahmen und Gewinne pro Aktie in Vergleich zu den tatsächlichen Ergebnissen. Es wird erläutert, dass die Einnahmen von Coinbase aufgrund der rückläufigen Handelsvolumina im gesamten Sektor im Vergleich zum Q1 gesunken sind. Die Analysten von Barkley haben die tatsächlichen Ergebnisse nahezu korrekt vorhergesagt, indem sie das Handelsvolumen von Robin Hood als Korrelationsbasis für das von Coinbase verwendet haben. Die tatsächlichen Q2-Einnahmen beliefen sich auf 1,4 Milliarden USD, was einen Rückgang um 11% im Vergleich zum Q1 darstellt. Die Handelsvolumina fielen von 312 Milliarden auf 226 Milliarden USD, was einen Rückgang um 28% bedeutet.
📈 Entwicklungen und Ausblick für Coinbase
In diesem Abschnitt werden die Entwicklungen von Coinbase im Q2 hervorgehoben, wie die Verbesserung der Bas-Blockchain, die Einführung von Smart Wallets und die Verbesserung der Handelsplattformen. Es wird auch auf die Analyse von Analysten eingegangen, die die Q2-Leistung von Coinbase als solide bewertet haben. Der Ausblick für das Q3 umfasst die erwarteten Kostensteigerungen aufgrund der Expansion in internationalen Gebieten und die erwarteten Einnahmen aus Transaktionen und Abonnements. Coinbase ist optimistisch bezüglich seiner weiteren Wachstums und sieht moderate Herausforderungen für den Kryptomarkt vor, einschließlich der möglichen Senkung der Zinssätze durch die Föderalreserve und der Förderung der globalen Akzeptanz von USDC.
🌐 Auswirkungen auf den Kryptomarkt und politische Implikationen
Dieser Abschnitt diskutiert die Auswirkungen von Coinbases Erfolg auf den Kryptomarkt und die politischen Implikationen. Es wird betont, dass die geplante Expansion von Coinbase auf eine optimistische Haltung gegenüber der kurzfristigen Zukunft des Kryptos hinweist und dass eine Klarstellung der Regeln in den USA durch institutionelle Investitionen einen Ansturm auslösen wird. Die Sorge ist die rückläufige Handelsvolumen im Einzelhandel, aber es wird angemerkt, dass Handelsvolumen sowohl im institutionellen als auch im Einzelhandel zunehmend ist. Die Makroökonomie und die anstehende Präsidentschaftskampagne in den USA führen zu Unsicherheiten, die den Markt nicht mögen. Es wird auch auf Brian Armstrongs Rolle als aktiver Teilnehmer in der Bewältigung der politischen Landschaft in Bezug auf Kryptoregulierung hingewiesen.
🎉 Fazit und Community-Ablehnung
Der letzte Abschnitt fasst das Video zusammen und lädt die Zuschauer ein, ihre Meinung in den Kommentaren zu teilen. Es werden die wichtigsten Punkte des Videos wiederholt und der Zuschauer aufgefordert, das Video zu liken, zu teilen und das Benachrichtigungsglockensymbol zu aktivieren, um die nächsten Videos nicht zu verpassen. Es wird auf die Rolle von Brian Armstrong als Helfershelfer in der Krypto-Welt und die Bedeutung von Coinbase für die Zukunft des Kryptomarktes verwiesen.
Mindmap
Keywords
💡Zentralisierte Börsen
💡Coinbase
💡Transaktionsgebühren
💡Bull Market
💡Bare Market
💡Regulierungskonformität
💡Krypto-Aktivität
💡Ethereum ETF
💡Base
💡Krypto-Regulierung
💡Umsatz
💡Kryptowährungen
Highlights
监控中心化交易所的活动是了解加密货币市场动态的好方法,有助于判断市场是处于熊市还是牛市即将来临。
Coinbase公布了第二季度收益,为市场状态提供了洞见。
Coinbase是美国最大的交易所,世界第三大,仅次于Binance和Bibit。
Coinbase的用户友好方法吸引了800万月交易用户。
Coinbase通过提供多种产品和服务,如Coinbase卡和Coinbase钱包,帮助用户将加密货币融入日常生活。
Coinbase的主要收入来源是交易费,尽管其费用高于许多其他交易所。
Coinbase是市场合规的领导者,这增加了其运营成本。
Coinbase的第二大收入来源是其托管服务产生的费用。
Coinbase与USDC发行方Circle有合作伙伴关系,分享USDC稳定币的控制权。
Coinbase的Base Layer 2区块链旨在提供更高效的以太坊区块链交互方式。
分析师预测Coinbase的第二季度收入和每股收益将下降,交易量自第一季度以来整个行业都有所放缓。
Coinbase的实际第二季度收益显示,交易费收入下降了27%,但订阅和服务收入增长了177%。
Coinbase的总费用在第二季度增加了26%,主要是由于营销和政策支出的增加。
Coinbase的第二季度总收入为14亿美元,比第一季度下降了11%。
Coinbase在第二季度继续在Base区块链的效率和成本降低方面取得进展。
Coinbase预计第三季度的费用将增加,部分原因是国际扩张和增加的营销努力。
Coinbase对第三季度的收入流有预测,包括交易收入和订阅服务收入。
Coinbase将继续支持美国加密货币立法的清晰化,并捐赠资金给政策。
Coinbase的成功表明它对加密货币的近期未来持乐观态度,并预计随着美国加密货币规则的明确化,将吸引更多机构投资。
Coinbase的交易量自去年以来一直在上升,表明零售交易量也在增加。
宏观经济前景不明朗,可能对加密货币市场产生影响。
Coinbase的CEO Brian Armstrong在推动美国加密货币立法方面发挥了关键作用。
Transcripts
did you know that monitoring the
activity on centralized exchanges is a
great way to keep an eye on what's going
on in crypto having an understanding of
what's going on there can give you a
sense of whether we're still in a bare
Market or if the bull market is about to
take off well coinbase recently revealed
its Q2 earnings shining a light on the
state of the market so today we'll be
taking a deep dive into the company's
performance and telling you what it
could mean for crypto
now in case you're somehow unfamiliar
with coinbase here's everything you need
to know coinbase is the largest Exchange
in the US and is the third largest
Exchange in the World Behind binance and
bibit it was founded in California by
Fred ome and Brian Armstrong in June
2012 Fred left in 2017 and Brian
continues to serve as CEO coinbase's
userfriendly approach has made it a
favorite for investors bringing in 8
million monthly transacting users at the
Forefront of this approach is its easyto
use interface which offers a smooth
experience when compared with many other
clunkier Alternatives coinbase also
offers some great products and services
to help users integrate crypto into
their everyday lives not only do these
benefit the consumer but they also help
coinbase to generate revenue for example
there's the coinbase card which gives
you a convenient way to spend crypto in
the same way you'd use a Visa debit card
coinbase also benefits from this thanks
to the 2% flat rate fee there's also
coinbase earn which is its own staking
platform and coinbase wallet both of
which also generate fees now while
coinbase has a number of revenue streams
its biggest one is transaction fees now
if you've used coinbase before you'll
know that its fees can be higher than on
many other exchanges which is mainly for
two reasons first there's the ease of
use which we mentioned a moment ago
basically you pay for that Simplicity
the second reason is that coinbase
strives to be a market leader in
Regulatory Compliance which we'll come
back to a little later another key
Revenue stream for coinbase is the fees
generated from the custodial Services it
provides as a fun fact coinbase was
chosen as The Trusted custodian for
eight of the nine ethereum ETF issuers
according to the recently released
shareholder report other revenue streams
meanwhile includes subscription fees for
services like simple and Advan accounts
as well as coinbase Prime which is
specifically designed with institutional
investors in mind next coinbase also
makes money through its Partnerships one
of these is a partnership with usdc
issuer circle for those unaware coinbase
had a 50/50 partnership with circle
sharing control of the usdc stablecoin
until August 2021 whereupon it
relinquished full control to Circle in
exchange for a greater Revenue share of
usdc reserves and a stake in circle
itself now usdc Revenue generation comes
from the assets backing it which is
primarily government debt that earns a
yield of around 5% per year basically
passive income and last but not least
there's Bas coinbase's very own ethereum
layer 2 blockchain Bas is designed to
give the user a more efficient way of
interacting with the eum blockchain with
almost instant transactions that cost
less than a cent Bas was only released
around this time last year and yet it's
been widely adopted with more than $7
billion in total value locked not too
shabby and by the way if you're enjoying
this video so far crunch that like
button to give it a boost And subscribe
to the channel if you haven't done so
already oh and don't forget to Ping that
notification Bell so you don't miss our
next one block Vander chain house and
that was a brutal game of rugby you and
the rest of the team must be hurting
after that defeat yeah yeah look it was
so so tough out there today you know
everyone put their bodies on the line
everyone stood up to be counted but yeah
we're gutted Not to Come Away with a win
for sure for sure so you came up against
a very physical side who were up for the
battle all over the park did the fact
that they had the coin Bureau deals page
behind them count against you yeah yeah
look for sure any side that has that
sort of Firepower backing it up is
always going to be hard to break down
any team in the world is going to want
the coin buau deals page in its Locker
for sure for sure those 70% trading fee
discounts and $ 100,000 sign up bonuses
they really seem to make the difference
in the second half yeah yeah look I I'm
not going to lie Brew we could not
compete on that level and when the other
side were able to deploy those massive
discounts on Hardware wallets then it
was pretty much pretty much game over
that that point for sure yeah yeah now
block obviously everyone back home is
going to be hugely disappointed with
today's results is there any message
you'd like to send to your fans yeah
yeah look what can I say but they should
check out the co be deals page you know
you you have to recognize quality when
you see it so yeah hats offter than they
made the difference out there today for
sure for sure wise words to finish
thanks block yeah yeah all good BL yeah
just yeah okay now that we understand
how coinbase makes its money let's take
a look at its performance during Q2 as
already mentioned the this gives us a
sense of the bigger picture of what's
going on in the crypto Market multiple
analysts predicted that coinbase's
revenue and earnings per share would
have decreased with many of them
pointing out that trading volumes since
q1 had slowed down across the entire
industry for example estimates collected
by fact set predicted that coinbase's
overall Revenue would drop to 1.37
billion down from $1.64 billion in q1
they also also predicted that coins
earnings per share would decline to just
94 which is a hell of a fall from the
$440 Mark seen in q1 but still would
have been a year on-year increase of
94% other estimates came from the likes
of Mega Bank JP Morgan who predicted
coinbase's Q2 Revenue would be $1.36
billion saying that although May was
positive thanks to the approval of the
ethereum ETFs the markets contracted in
April and June which muddled the
quarter's aggregate performance this was
echoed by analysts at Barkley who
pointed out that quote crypto Market
activity spiked in March but has
reversed since and Street Exchange
volume and revenue estimates look too
high their predictions were a little
higher than JP Morgan's with
expectations of $1.43 billion in Revenue
interestingly though Barkley's also
rated coin as an underweight stock
particularly if the impending regulatory
Clarity in the us comes about now what's
crazy is that Barkley's estimations were
pretty damn close to the actual result
and the way they figured them out was
pretty ingenious basically they took a
look at the retail volume of another
popular broker Robin Hood which
apparently correlates pretty well with
that of coinbase they noticed that Robin
Hood's retail trading volume declined by
35% and used this as a base case to
predict a 30% decline in retail trading
volume over on coinbase meanwhile
oppenheim analysts also commented on
their expectations for a lower Q2
Revenue saying that bitcoin's harving
event was very much priced in and was
countered by outflows from the spot
Bitcoin ETFs this would explain why
btc's price action for the first few
days post ETF launch felt like a bit of
a nothing burger with it only really
taking off once the money flowing into
the ETFs outweighed the money flowing
out but of course these were all
estimates
educated guesses at best nobody has a
crystal ball so with that in mind let's
take a look at coinbase's actual Q2
earnings shall We Now coinbase's
official Q2 earnings were released in a
shareholder letter published on the 1st
of August there's quite a lot to unpack
here but we'll keep things as simple as
possible as we go along we'll start with
coinbase's transaction fees which to
refresh your memory are coinbase's
largest revenue stream these came in at
$781 million down a whopping 27% from q1
suggesting the hype around crypto
following the spot Bitcoin ETFs has
since cooled off somewhat but while
crypto interest may have faded
coinbase's user base has loyally stuck
around because subscriptions and
services Revenue actually grew by 177%
in Q2 to just shy of $600 million and
the shareholder letter also notes that
coinbase saw an adjusted ebitda of
$596 million in case you're wondering
ebitda stands for earnings before
interest taxes depreciation and
amortization and the adjustment bit just
means removing any one-off anomalies
that would have interfered too much with
the result in other words it prevents
the overall picture being warped by a
sudden expense for example anyway the
report proudly declares that this marks
coinbase's sixth consecutive quarter of
positive ebitda results so far then it's
all looking pretty positive but
obviously coinbase is a business and
businesses have expenses well in Q2
coinbase's total expenses were a
jaw-dropping $ 1.1 billion an increase
of 26% since q1 in what is presumably an
effort to make the expenses easier to
understand coinbase banded three
different categories into one combined
expense which accounts for a huge
proportion of the overall $1.1 billion
spent these categories are Technical and
developmental General and administrative
and sales and marketing which
collectively accounted for $850 million
of outgoings an increase of 14% from the
previous quarter according to the
shareholder letter this increase is
driven primarily by higher usdc reward
payouts as well as variable Performance
Marketing spend and policy policy spend
in plain English coinbase has been
taking advantage of the slowly improving
sentiment around crypto by increasing
its marketing efforts and has also been
trying to get meaningful crypto
legislation passed in the US by donating
money to Pro crypto presidential
candidates the shareholder letter also
reveals that coinbase's portfolio took a
big hit in Q2 although the vast majority
of any losses were unrealized which to
be honest is a pretty good job for
anyone wondering it's portfolio had a
net income of just $36 million which
isn't a lot when you consider just how
big coinbase actually is this included
$319 million in pre-tax losses which
would have been $248 million after
considering the tax impact so all of
this amounts to coinbase's overall Q2
Revenue which came in at $1.4 billion an
overall decline of 11% since q1 which
makes sense when you consider the
difference in Market conditions and
considering just how quickly the market
has cooled off an 11% decline isn't
really too bad in the grand scheme of
things the catch is that trading volumes
also fell by quite a bit too compared
with q1 trading volume on coinbase fell
from $312 billion to $226 billion a
gut-wrenching 28% this decline was also
seen in retail trading volumes although
the fall was perhaps less severe than
you might think in Q2 retail accounted
for 16.3% of the overall trading volumes
compared with 17.9% in q1 the thing is
money isn't always everything and
coinbase has proven this by making
several developments in other areas in
Q2 for instance its continued work to
improve the base blockchain's efficiency
and bring down costs has seen a 300%
growth in the number of transactions
processed that is some pretty serious
growth in just 3 months it also launched
smart wallets which makes onboarding
Easier by using Biometrics rather than
having to remember a 12-word seed phrase
it's worked on improving the experience
on the simple and advanced trading
platforms and coinbase Prime has
strengthened its position as the goto
platform for institutions it even
announced a partnership with stripe a
massive payments company now this
strength has led some analysts to praise
coinbase's Q2 performance Wall Street
analysts have labeled its earn as solid
and Oppenheimer analysts have even said
that quote we believe that coinbase has
found the formula to remain profitable
despite earnings volatility and be a
resounding leader in the space with that
in mind then it's safe to say that
things are certainly looking good for
coinbase's future so what is the outlook
for Q3 well the shareholder report has
the answer the exchange is confident in
its continued growth having taken steps
towards further expansion ion while it
can't predict exactly how much money
it'll be bringing in throughout the
third quarter there are a few
predictions it can make particularly
when it comes to expenses as you've
probably already guessed these expenses
are expected to increase in Q3 but this
is for good reason for one the company
expects the costs associated with both
technology and development as well as
general and administrative to increase
to somewhere between 700 and $750
million that's because coinbase is
expand ion particularly within
International territories will require a
larger headcount which means not only
more salaries being paid but also more
stock-based compensations being handed
out sales and marketing costs are also
expected to increase to somewhere
between 160 and $210 million as the
company looks to increase its reach
through advertising mainly online there
are also a few predictions given for
some revenue streams one of these is
transaction Revenue which coinbase
expects to be around $210 million they
also predict that revenue from
subscriptions and services will be in
the ballpark of $530 to $600 million the
shareholder letter highlights that this
range reflects modest headwinds for the
crypto Market which some would say is a
bit of an understatement the range also
includes the expectations that the
Federal Reserve will cut interest rates
in September as well as an increase in
usdc expenses to help Drive its Global
adoption as the most compliant stable
coin in case you weren't aware usdc is
the first stable coin to be compliant
with the eu's Micah bill which puts
major restrictions on the use of stable
coins in the European Union on that note
coinbase also highlights that crypto has
become a bipartisan issue in the US
saying that quote there is real energy
within both the house and the Senate to
pass meaningful legislation coinbase has
also said that it will continue to
donate money to policy and will continue
to support stand withth
crypto.com mised land of regulatory
Clarity in the United States saying that
quote this confirmed what we have been
saying for years eth is not a secure
respect then there's also the continued
donations that we mentioned earlier
you've got to give credit where it's due
here no matter where you fall on the
political Spectrum there's no denying
that Brian Armstrong has been at the
Forefront of putting crypto regulation
in the US in the spotlight and given
just how politicized crypto has become
in recent months it's fair to say that
Brian has played a key role in these
developments so then what does all this
mean for the broader crypto Market well
there are a few things we can determine
From coinbase's Success the first and
most obvious point is that its planned
expansion suggests that it's bullish on
crypto's near-term future and if Brian
continues to play his part and the US
finally makes it clear what the rules
are then crypto will see a tidal wave of
investment coming from institutions when
that happens coinbase is set to benefit
massively the concern in the meantime is
that retail trading volume that we
mentioned a moment ago but thankfully
there is a caveat here as you can
hopefully see on this chart trading
volumes have been rising since Q3 of
last year most of this has been
institutional investment but notice
anything else yep you can clearly see
that retail volumes are also increasing
each quarter retail crypto trading
volume could increase even more if
reasonable crypto regulations are passed
as that would mean that coinbase would
be able ble to list more of the kinds of
altcoins that retail investors want to
trade and as a cherry on top this would
boost coinbase's overall earnings due to
the increased trading fees boosting its
stock and the overall sentiment towards
crypto on Wall Street while there is
still a long way to go before we can
match the levels seen in the last bull
market it's great to see that we're
heading in the right direction even if
it is a little slower than we might
prefer the same can be said for crypto's
overall market cap which as you you can
see has seen a steady increase since the
start of the year although things have
been a little flat since March the good
news is that all we need now is a
catalyst to open the floodgates to new
retail the bad news is that we don't
know how long it will be before this
Catalyst arrives what doesn't help is
the macro Outlook which looks a little
murky to say the least you see recently
us unemployment levels Rose to
4.3% the result of this is that the
10year treasury yield has dropped by 15
basis points to the lowest percentage
level seen since December last year this
signals a Slowdown in economic activity
and growth as people begin to save their
hard-earned cash rather than spend it
that is probably bearish for crypto
meanwhile the Federal Reserve is
expected to lower interest rates in
September and it's estimated that rates
will fall by as much as 50 basis points
which would be bullish for crypto
alongside all this there's the ongoing
presid itial campaign in the US as
former president Donald Trump takes on
vice president kamla Harris who seems to
have become the new democrat nominee
over night since Harris took over the
polls have been flip-flopping between
her and Trump as the likely winner of
the November election at the time of
shooting it's Harris who has a slight
lead now this means uncertainty
something that markets don't like that's
simply because while Trump has proven
himself to be Pro crypto in recent
months he's also a divisive figure to
say the least meanwhile Harris has been
scoring points due to being a much less
divisive figure but hasn't really shown
a clear stance on crypto if you watched
our video on who would likely replace
Biden you'll know that Harris hasn't
exactly been very vocal on crypto but
this could change with the right
donations and in that sense crypto still
has hope because it'll most likely be
Brian Armstrong who will be there to
save the day even if it does mean making
even more donations to clueless
politicians who let's face it are more
interested in your vote than anything
else but hey if anyone can point them in
the right direction it's Brian remember
folks not all heroes wear
capes okay that's all for today's video
but what did you think did we miss
anything important out let us know in
the comments we love hearing from you if
you enjoyed this video show it some love
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watching we hope you enjoyed it this is
guy over and out
[Music]
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