Coinbase's quarterly rebound may be affected by the decline in volatility in the cryptocurrency market, according to Bloomberg.

Odaily Odaily News: Although Coinbase Global Inc.'s revenue is expected to double and its profits will jump, it faces the risk of being affected by the decline in volatility in the crypto market when it releases second-quarter results. The unpredictability of token price fluctuations has been one of Coinbase's biggest challenges since it first became a public company in April 2021. Analysts expect Coinbase's trading volume and revenue to be lower than in the first quarter, and the exchange appears to have lost market share. Data from research firm CCData show that the average 30-day volatility of digital assets is about 52% so far this year, down from 79% during the last bull market in 2021. Although Coinbase's stock price has risen by about 30% so far this year, it is still lower than Bitcoin's approximately 50% increase in the same period. (Bloomberg)