When Coinbase reports its Q1 earnings at market close on Thursday, the results will matter not just for its share price but the narrative surrounding the company and crypto in general. After a year of bad news and eye-popping losses, investors will be looking for signals that Coinbase can turn the corner.
Unfortunately for Coinbase, one key indicator suggests the pain might not be over. According to Apptopia, a research firm that tracks metrics related to app usage, the number of people downloading the company's app continues to decline even as crypto prices have recovered significantly after bottoming out last December.
