{"id":104573,"date":"2023-02-23T06:00:00","date_gmt":"2023-02-23T06:00:00","guid":{"rendered":"https:\/\/cn.cryptonews.com\/?p=105724"},"modified":"2023-06-26T11:26:54","modified_gmt":"2023-06-26T11:26:54","slug":"fen-xi-shi-yu-ji-coinbase-shang-ji-du-de-shou-ru-jiang-hui-xia-jiang-75","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/cn\/exclusives\/fen-xi-shi-yu-ji-coinbase-shang-ji-du-de-shou-ru-jiang-hui-xia-jiang-75\/","title":{"rendered":"\u5206\u6790\u5e08\u9884\u8ba1 Coinbase \u4e0a\u5b63\u5ea6\u7684\u6536\u5165\u5c06\u4f1a\u4e0b\u964d 75%"},"content":{"rendered":"
\"\"<\/figure>

Coinbase 预计将呈报其 2022 年最后一个季度的收入急剧下降，原因是交易量的暴跌且整体加密货币的价格跌至历史的最低水平。<\/strong><\/p>

Coinbase 将于本周二收盘后公布 2022 年最新一季度的业绩。华尔街分析师预计，该交易所的收入与 2021 年的同期相比将下降 75% 以上，达到 5.886 亿美元。<\/strong><\/p>

此外，Coinbase 预计第四季度亏损 5.681 亿美元。相比之下，该交易所呈报 2021 年第四季度的净收入为 8.4 亿美元，2020 年的利润为 1.77 亿美元。<\/strong><\/p>

该平台预计将从订阅和服务当中获得总计 2.354 亿美元的收入，约占其总收入的 40%。在 2021 年同一季度，只有不到 10% 的该公司总收入来自这些业务线。<\/strong><\/p>

同样地，Coinbase 的总资产预计为 888 亿美元，为两年多以来的最低水平。这种下降主要归因于加密货币价格的下跌，以及在曾经是世界第三大交易所的 FTX 史无前例的倒闭之后加剧了用户们对中心化加密货币平台的信任。<\/strong><\/p>

摩根大通和投资银行公司  D.A. Davidson 的分析师已将 Coinbase 的股票评级从买入 (Buy) 下调至中性 (Neutral)，认为监管压力“才刚刚开始”。<\/strong><\/p>

此前，最大的信用评级供应商之一标准普尔全球 (S&P Global) 在今年早些时候将该加密货币交易所的债务评级从 “BBB” 下调至 “BB-”，将其从“投资级” (investment grade) 调至“投机级” (speculative grade)。<\/strong><\/p>

D.A. Davidson 的分析师 Chris Brendler 声称，虽然 Coinbase 可以从明确的监管框架中受益，但该交易所在短期内面临着艰难的道路。据报导，他在周四的一份报告中说：<\/strong><\/p>

“虽然我们仍然同意 [Coinbase] 管理层的观点，即提高 [监管] 透明度和公平竞争环境最终应该被证明是好的，但对于 Coinbase 和整个产业而言，近期的道路看起来越来越危险。”<\/strong><\/p><\/blockquote>

在加密货币价格反弹的情况下，Coinbase 的股价也在 2023 年初上涨。该公司的股价今年迄今上涨了 82.55%。然而，在过去的一年里，该公司股票的市值缩水了约三分之二。<\/strong><\/p>

监管的打压如何影响 Coinbase 的收入来源<\/strong><\/h2><\/span>

据彭博社报导，代币托管、稳定币和质押是 Coinbase 一直依赖的三大关键业务，以帮助推动其增长。然而，所有这些产业最近都受到监管的审查。<\/strong><\/p>

上周，美国证券交易委员会 (SEC) 与加密货币交易所 Kraken 达成协议，停止向该国客户提供质押服务或计划，并支付 3000 万美元以了结未能“注册其加密资产质押即服务的要约和销售计划的指控。”，该委员会将其认定为证券。<\/strong><\/p>

此举之后，Coinbase 首席执行长 Brian Armstrong 表示，该交易所的加密货币质押服务不是证券，并补充说他愿意在法庭上为此辩护。鉴于该交易所从质押费用中获得约 3% 的总收入，他的上述举措就不足为奇。<\/strong><\/p>

Coinbase 也从稳定币 USDC 中获得收入。然而，随着美国证券交易委员会对发行币安稳定币 Binance USD (BUSD) 的加密货币公司 Paxos 的取缔，Coinbase 的 USDC 也可能陷入困境。<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Coinbase 预计将呈报其 2022 年最后一个季度的收入急剧下降，原因是交易量的暴跌且整体加密货币的价格跌至历史的最低水平。Coinbase 将于本周二收盘后公布 2022 年最新一季度的业绩。华尔街分析师预计，该交易所的收入与 2021 年的同期相比将下降 75% 以上，达到 5.886 亿美元。此外，Coinbase 预计第四季度亏损 5.681 亿美元。相比之下，该交易所呈报 2021 年第四季度的净收入为 8.4 亿美元，2020 年的利润为 1.77 亿美元。该平台预计将从订阅和服务当中获得总计 2.354 亿美元的收入，约占其总收入的 40%。在 2021 年同一季度，只有不到 10% 的该公司总收入来自这些业务线。同样地，Coinbase 的总资产预计为 888 亿美元，为两年多以来的最低水平。这种下降主要归因于加密货币价格的下跌，以及在曾经是世界第三大交易所的 FTX 史无前例的倒闭之后加剧了用户们对中心化加密货币平台的信任。摩根大通和投资银行公司  D.A. Davidson 的分析师已将 Coinbase 的股票评级从买入 (Buy) 下调至中性 (Neutral)，认为监管压力“才刚刚开始”。此前，最大的信用评级供应商之一标准普尔全球 (S&P Global) 在今年早些时候将该加密货币交易所的债务评级从 “BBB” 下调至 “BB-”，将其从“投资级” (investment grade) 调至“投机级” (speculative grade)。D.A. Davidson […]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,5],"tags":[],"editors":[],"sponsored_companies":[],"class_list":["post-104573","post","type-post","status-publish","format-standard","hentry","category-exclusives","category-features"],"acf":[],"yoast_head":"\n\u5206\u6790\u5e08\u9884\u8ba1 Coinbase \u4e0a\u5b63\u5ea6\u7684\u6536\u5165\u5c06\u4f1a\u4e0b\u964d 75%<\/title>\n<meta name=\"description\" content=\"Coinbase 预计将呈报其 2022\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/cn\/exclusives\/fen-xi-shi-yu-ji-coinbase-shang-ji-du-de-shou-ru-jiang-hui-xia-jiang-75\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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