TheBlock
2022-11-04 07:03:52

Analysis of Coinbase’s Q3’22 Earnings

Quick TakeCoinbase generated $576mm net revenue, ($545)mm net loss, and ($116)mm Adjusted EBITDAThe company also reported $159bn quarterly trading volume and $101bn assets on platform Cash & cash equivalents fell to $5.01bn from $5.68bn from Q2’22 to Q3’22 Trading closed at $55.80, a 6.8% decline in 1-day trading, but went up to $58.55 in after-hours trading Recently dismissed CPO Surojit Chatterjee as part of ongoing restructuring efforts 

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