Published 2 years ago

Coinbase posts $1.1 billion loss, falling revenue in Q2

Summary by Ground News

Coinbase Global Inc reported a larger-than-expected quarterly loss on Tuesday. Investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies. Trading volumes at the cryptocurrency exchange more than halved to $217 billion in the second quarter. Retail participation sank 68% and institutional trading fell 46%.

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Times of India

Coinbase posts loss as crypto market turmoil hits trading volumes

"Coinbase did not see a mass migration off its platform during the quarter, but its users are becoming more passive in their cryptocurrency investing," said Michael Miller, equity analyst at Morningstar Research.

2 years ago·India

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The Hindu

Crypto exchange Coinbase posts loss in Q2 as crypto winter hits Bitcoin prices amidst layoffs

Trading volumes at the cryptocurrency exchange more than halved to $217 billion in the second quarter

2 years ago·India

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Reuters

Coinbase posts quarterly loss

Coinbase Global Inc reported a loss for the second quarter on Tuesday as this year's rout in risky assets curbed investor appetite for trading in cryptocurrencies.

2 years ago·United Kingdom

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CNBC

Coinbase shares drop on billion-dollar loss in second quarter and revenue miss

Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell.

2 years ago·United States

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Channel News Asia

Crypto exchange Coinbase posts loss as trading volumes plunge

Coinbase Global reported a loss for the second quarter on Tuesday (Aug 9), hurt by a plunge in trading volumes as this year's rout in risky assets curbed investor appetite for trading in cryptocurrencies. Shares of the company were down 6 per cent in extended trading. Investors have dumped specul

2 years ago·Singapore

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