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coinpedia
2022-08-10 11:49:49

Coinbase Reports $1.1Bn Loss in Q2, COIN Stock Crashes

Coinbase Reports $1.1Bn Loss in Q2, COIN Stock Crashes

The post Coinbase Reports $1.1Bn Loss in Q2, COIN Stock Crashes appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideOn Tuesday afternoon, Coinbase released its second-quarter (Q2) report. The crypto exchange posted a loss of $1.1 billion on revenue of $808 million. The figures fell short of the traders’ and analysts’ expectations and are below what the company posted in the year’s first quarter. The results are discouraging, forming a second consecutive quarterly loss …

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