Coinbase shares have surged ahead of its fourth-quarter earnings call on Thursday, with analysts tipping likely strong trading volumes in the quarter.
Shares in crypto exchange Coinbase have gained 37% over the past week alongside a recent surge in Bitcoin (BTC) and while analysts expect strong numbers when the firm reports its fourth-quarter results on Thursday.
According to aggregated data from MarketWatch and FactSet, analyst consensus is tipping a strong revenue boost for Coinbase in the fourth quarter, increasing by around 22% from the third quarter to $825 million.
Some of this is predicted to come from strong trading volumes, with analysts estimating a near doubling from $76 billion in Q3 to $142.7 billion in Q4.
