Crypto Rout On Trading Volumes Costs Coinbase $1.1 Billion In Losses

Crypto Rout On Trading Volumes Costs Coinbase $1.1 Billion In Losses

Crypto exchange Coinbase disclosed a $1.1 billion loss on revenue of $803 million in the second quarter, a bigger-than-anticipated loss as investors apprehensive about this year’s volatility in assets avoided trading in cryptocurrencies. Both numbers fell short of analysts’ forecasts and are below what the company reported in the first three months of the year. […]


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