Coinbase's stock price fell after the company reported its third-quarter earnings, which failed to meet Wall Street expectations. This disappointing performance has led analysts to emphasize the significance of the upcoming U.S. presidential election as a catalyst for both Coinbase and the broader crypto market.

• After the revenue miss, Coinbase shares dropped by over 7%.
• Analysts noted that while retail trading volumes were above expectations, the overall performance was negatively impacted by falling transaction revenues.
• Despite challenges, some forecast greater institutional interest in the stock as it becomes increasingly integrated into various equity indices.

JMP analysts highlighted that the U.S. presidential election could bring more regulatory clarity, significantly influencing Coinbase's trajectory going forward. Canaccord also mentioned that changes in regulatory policies post-election could positively affect the market environment.