Coinbase trading results may fall short of expectations, according to prediction markets

As bitcoin prices fell yet again in the second quarter, traders on prediction market platform Kalshi think Coinbase's trading volumes suffered once again. The cryptocurrency trading platform is expected to post a third consecutive quarterly decline of trading volumes, and speculators are also feeling confident that total trading volume will slip below $200 billion for the first time since third quarter 2024. Traders give a 41% chance that trading volume is above $160 billion, and just a 25% chance it's above $170 billion. That compares to analysts' consensus estimates for $168.5 billion, according to FactSet. Speculators are more certain volume will be above $150 billion, giving that a 99% chance of happening.

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