Wall Street lowers Coinbase Q2 forecasts amid crypto spot trading slowdown

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Wall Street analysts have revised down their expectations for Coinbase ahead of its upcoming earnings report. The downward adjustments reflect a noticeable slowdown in spot cryptocurrency trading activity during the second quarter. Reduced retail and institutional trading volumes are seen as the primary driver behind the tempered outlook. Analysts are also closely watching the progress of pending U.S. cryptocurrency legislation, which could significantly shape Coinbase's future business environment.

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