Coinbase Shares Slide as Crypto Giant Reports $394 Million Q1 Loss

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$0.049476

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$201,705,632.47

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$0.056217 / $0.036777

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Decrypt Editorial

(09:24 PM UTC)

1 min read

In brief

Coinbase posted a $394 million Q1 net loss, marking its second consecutive quarterly loss.
Net revenue fell 31% to $1.4 billion, missing analyst expectations as crypto trading volumes declined.
The exchange said this week that it would cut 14% of its workforce, citing market conditions and AI optimization.

Coinbase on Thursday posted a second consecutive quarterly loss of $394 million…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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