Based
on
those
numbers,
Barclays
expects
Coinbase’s
retail
volumes
to
have
dripped
roughly
30%.
A
slow
down
for
Coinbase
may
also
indicate
how
Robinhood’s
earnings
will
shape
up
when
it
reports
on
Aug.
7.
However,
the
investment
banking
firm
Oppenheimer
(PT:
$282,
outperform
)
added
a
bit
of
optimism,
saying
that
the
upcoming
election
could
act
as
a
positive
catalyst
for
the
stock.
“Since
our
meetings
with
legislators
in
May,
our
thesis
has
been
that
Coinbase
would
benefit
the
most
in
our
coverage
if
former
President
Donald
Trump
is
re-elected.
Recent
events
including
Trump’s
continuing
to
speak
in
Bitcoin
conferences
in-person
only
increase
our
confidence,”
the
firm’s
analyst
wrote.