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Coinbase’s stock plummeted 17% after disappointing Q2 earnings, but analysts remain optimistic. Strategic acquisitions and partnerships could drive future growth, offsetting current setbacks.
- Coinbase acquired Deribit to enter the lucrative derivatives market, boosting future trading volumes.
- Partnership with J.P. Morgan allows Chase clients to fund Coinbase accounts, expanding its user base.
- Plans to become an 'everything exchange' include tokenized assets and real-world event betting, diversifying revenue.
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