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via Decrypt · By Decrypt Editorial
Coinbase Shares Slide as Crypto Giant Reports $394 Million Q1 Loss
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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…
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