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Coinbase Rises as Earnings Look Promising. And Dogecoin Is Coming.

·4 min read
Coinbase Rises as Earnings Look Promising. And Dogecoin Is Coming.
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The company clearly benefited from the frenzy for all things crypto in the quarter, its first since going public last month. What the release showed is that Coinbase’s growth is continuing to rise in the second quarter, but it’s having trouble forecasting full-year results because of the high volatility in the crypto market. Indeed, on the earnings call, Coinbase CEO Brian Armstrong said that the company planned to add Dogecoin to its platform in the next six to eight weeks.