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…
