Coinbase Goes Dark for 5+ Hours After Earnings Miss — But Bulls Still Think It Could Hit $300 Billion by 2030. Here's Why

WHY IT MATTERS

Think of Coinbase like the New York Stock Exchange of crypto — it's where millions of people buy and sell digital currencies. When it goes offline for five hours, it's like a major bank locking its doors during business hours. That's a big deal. On top of that, the company made less money than Wall Street expected, which is called an 'earnings miss.' Despite this, some investors believe Coinbase could grow to be worth $300 billion by 2030 — roughly 5x its current size — because they think crypto will keep getting bigger and Coinbase is well-positioned to benefit. For everyday crypto users, this is a reminder that even the biggest platforms can have bad days, and it's worth paying attention to how reliable your exchange is.