What Comes Next For Crypto? Exchange Data Reveals All!!

"Coinbase estimates a modest recovery for July, forecasting roughly $360 million in revenue, an improvement compared to the monthly average from Q2."

"Subscriptions and services revenue is projected to rebound more significantly, landing somewhere between 665 million and $745 million. This recovery is expected to be driven primarily by higher average crypto prices."

"Additionally, Coinbase expects stable coin revenue to grow further, particularly given that USDC's market capitalization reached all-time highs in July."

"Coinbase projects technology and development costs along with general and administrative expenses will increase to between 800 million and $850 million. This uptick is mainly due to significant headcount growth planned for Q3..."

"Sales and marketing expenses are similarly forecast to increase, expected to range between $190 million and $290 million."

"On the strategic front, meanwhile, Coinbase is preparing for the completion of its acquisition of Derbit, a crypto options and derivatives exchange expected to close by December 2025, which would expand Coinbase's derivatives product suite, enhance its international presence, and provide a steadier revenue stream from options trading."

"On the macro front, the Fed is expected to cut interest rates by 25 basis points in September, potentially giving markets an extra boost."