Coinbase went down for over 5 hours after missing earnings. Bulls still see a path to $300 billion by 2030
CryptoSlate
Coinbase missed Q1 earnings expectations and suffered a significant AWS-related outage, though proponents remain optimistic about its long-term growth as a financial infrastructure provider.Summary
Coinbase reported a net loss of $394.1 million for the first quarter, missing Wall Street estimates due to declining crypto trading activity. The earnings release was followed by a five-hour service disruption linked to an Amazon Web Services outage, highlighting concerns about the exchange's reliance on centralized infrastructure. Despite these challenges, CEO Brian Armstrong is pivoting the firm toward an 'everything exchange' model, focusing on stablecoins, derivatives, and AI-driven payments. Proponents, including researchers at Artemis, suggest that if these initiatives succeed, the company could achieve a $300 billion valuation by 2031.
(Source：CryptoSlate)