Crypto exchange Coinbase reports a $430M loss but remains bullish

Coinbase, the largest crypto exchange in the United States by trading volume, just reported its first net loss as a public company in the first quarter of 2022. However, the companys CEO remains bullish on the firms long-term potential. Coinbase disclosed net revenue of $1.165 billion for the first quarter of 2022. The figure represents a 27 percent drop from the first quarter of 2021s net revenue of $1.597 billion and a 52.3 percent decline from the previous quarters (Q4 2021) net revenue of $2,490 billion. The crypto exchange also reported a net loss of $430 million for the period,...


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