Coinbase Reports Freefall In Crypto Trading

Posted on 08/04/2023

In its latest earnings report Coinbase said trading revenue was down 50% from a year ago, dropping to US$ 327 million. Fees from trades are also down 13% since last quarter. Coinbase suffered a loss of US$ 97 million. The reduction in staff, 30% of headcount, helped stave off further disaster. Coinbase says business has…

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