Coinbase Global (COIN) stock gains 2.7% after analysts and investors digest the crypto exchange's first earnings report as a publicly traded company and management's guidance.Initially, the company's stock fell after Q1 earnings and revenue trailed consensus estimates.BTIG analyst Mark Palmer calls the management's guidance for Q2 and FY2021 trading volume "quite bullish" as "many observers had doubted whether the company would be able to replicate the monster volume it reported in 1Q21 any time soon."He says the initial negative reaction may have been due to its Q1 retail take rate of 1.21%, down from the 1.42% rate posted during 2020. Management explained during the earnings call that the decline wasn't due to fee compression driven by increased competition, rather it was due to increased volume from Coinbase Pro, which offers a tiered fee structure, in its mix.Oppenheimer analyst Owen Lau says company guidance and Oppenheimer's tracker indicate strong fundamentals and upward revenue