Analysts at Oppenheimer provided their views on Coinbase Global, Inc. (NASDAQ:COIN), estimating the company’s Q4 trading volume to reach $540 billion (17% above the consensus) as the volatility in Bitcoin and other cryptos during the quarter drove high trading volumes.

Given the record trading volume expectations, 13% above consensus revenue, and potential fee rate expansion, the analysts increase their Q4 revenue estimate to $2.1 Billion from $1.9 billion, with an EPS estimate of $2.12.