Benchmark: CEX profits are weak and stock prices are falling, "which is irrelevant from a big-picture perspective."

[Benchmark: CEX's Weak Profitability and Stock Price Drop "Not Significant from a Broader Perspective"] After the cryptocurrency exchange CEX disclosed that its revenue fell by 26% compared to the previous quarter, the company's stock price plummeted more than 15% on Friday. This quarter's Spot trading volume and revenue also saw a decline. Despite traders dumping the stock, an analyst stated that this second-quarter financial report "is merely a distraction," obscuring the fact that CEX is building a complete encryption ecosystem. Total revenue decreased by 26% year-on-year, trading revenue shrank by 39%, and the volume of crypto Spot trading fell by more than 30% compared to the first quarter. The total trading volume for the quarter was $237 billion, while it was $226 billion in the same period of 2024. Meanwhile, CEX achieved a net profit of $1.43 billion. Benchmark analyst Mark Palmer wrote in a report sent to clients on Monday: "The reason for the stock price fall is the 'noise' from the company's weak short-term operating data, while the real 'signal' is that the various components of its digital asset platform are gradually integrating, laying the foundation for future revenue growth. Therefore, 'buying on the dip' is a very reasonable choice right now." The agency listed five reasons suggesting traders and investors ignore the stock's decline.