Coinbase’s strong earnings are being overshadowed by increasing competition as regulatory clarity boosts the crypto market. New players like Gemini and Bullish have gone public, while Kraken prepares to list. Despite its first-mover advantage and institutional trust, Coinbase faces pressure on its premium pricing and retail outlook. The company is actively acquiring to maintain its edge.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.
July 29, 2026