“This marketing strategy worked, and the implication is Coinbase could have just signed up enormous new users in 1Q22, at a reasonable cost,” according to Oppenheimer’s Owen Lau. Lau, who maintains an outperform recommendation on the stock, said in a note to clients that this may lead to a jump in Coinbase’s total users for the first quarter.
Coinbase’s Q4 Trading Volumes Set to Increase but Outlook Could Get Gloomy Amid Volatility
