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Wall Street still doesn’t get crypto – FiratNews

Here for influencer-branded mac and cheese – TechCrunch

Good day and welcome again to Fairness, a podcast concerning the enterprise of startups the place we unpack the numbers and nuance behind the headlines!

Friday afternoon the Fairness staff took to a Twitter Area to hit on a subject that we needed to reduce from our common end-of-week present, particularly crypto earnings and the way Wall Road is digesting the outcomes. And to usher in additional psychological horsepower, Natasha and Alex lassoed new TechCruncher Anita Ramaswamy to assist.

We touched on Coinbase’s Q3 monetary outcomes and what they inform us about buying and selling incomes, and the corporate itself. Robinhood’s personal Q3 outcomes had been a part of the chat as nicely, as they confirmed the same sample to what Coinbase disclosed.

Extra corporations 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 various corporations that had been lately using excessive on that exact volatility cycle needed to cope with 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 count on as they try to scale in a risky market.

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