Coinbase Missed Earnings, But the Bull Case Is Still Intact, Analyst Says

Coinbase posted a weaker-than-expected Q2—and the market noticed. But Oppenheimer’s Owen Lau argues the big picture might be more nuanced.

In this interview, Lau and Unchained’s Steven Ehrlich unpack:

• What really drove the revenue miss
• Why Coinbase’s bank partnerships could matter more than people realize
• How its infrastructure strategy is taking shape

And what clues Q3 might already be offering