Hey and welcome again to Equity, a podcast in regards to the enterprise of startups the place we unpack the numbers and nuance behind the headlines!
Friday afternoon the Fairness crew took to a Twitter Area to hit on a subject that we needed to minimize from our common end-of-week present, particularly crypto earnings and the way Wall Avenue is digesting the outcomes. And to herald additional psychological horsepower, Natasha and Alex lassoed new TechCruncher Anita Ramaswamy to assist.
We touched on Coinbase’s Q3 financial results and what they inform us about buying and selling incomes, and the corporate itself. Robinhood’s own Q3 results had been a part of the chat as nicely, as they confirmed an analogous sample to what Coinbase disclosed.
Extra firms than simply these two, newly-public entities are reporting crypto buying and selling declines. Sq. did as nicely, after its bitcoin revenues slipped in Q3. Merely put, shoppers traded much less crypto in Q3 than they did in Q2, and quite a lot of firms that had been just lately using excessive on that exact volatility cycle needed to take care of a down-cycle interval.
We talked about what the outcomes imply for the noisy world of crypto startups, lots of which need to the highly-visible Coinbase as an indicator of what they will anticipate as they try and scale in a risky market.
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