JPMorgan cuts estimates for Circle and Coinbase on Hyperliquid pressure
Investing.com -- JPMorgan Chase & Co. lowered its financial estimates for Circle Internet Group Inc.
Reported by 1 outlet — Investing.com · Stock Market. See all sources ↓
Investing.com -- JPMorgan Chase & Co. lowered its financial estimates for Circle Internet Group Inc. on Tuesday, citing pressure on their stablecoin business from a new partnership arrangement with crypto exchange Hyperliquid. The bank said the revised agreement changes how income from Circle's USDC, the second-largest stablecoin globally, gets divided among distribution partners.
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- Investing.com -- JPMorgan Chase & Co. lowered its financial estimates for Circle Internet Group Inc.
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- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 10m ago.
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JPMorgan cuts estimates for Circle and Coinbase on Hyperliquid pressure
Sources1TypeCoverageInvesting.com · Stock Market