Coinbase shares rose after the publication of the loss report
The largest cryptocurrency exchange Coinbase reported losses for the first quarter of 2023. They were lower than the public expected. This was contributed to by the rise in cryptocurrency prices. The company’s losses fell to $79 million from $430 million in the previous period.
Shares of Coinbase (COIN) were up about 8% in off-berge trading. The company’s quotes have fallen nearly 90% since its April 2021 release, but are up 40% this year.
In any case, this is the 5th losing quarter for the exchange. Data from company cryptodefix. Coinbase's revenue fell 34% to $772.5 million, though it increased compared to the last quarter, which saw many scandals with major market players.
In a letter to investors, Coinbase says that going forward, the cryptocurrency industry remains volatile, which may be evidenced by turmoil in the banking sector, there are still regulatory uncertainties.
2 comments
Had a poor experience investing my money; it wasn’t simple for me because I was scammed numerous times. Up until I came across Olivia, a recovery specialist, I had almost totally lost all of my money. She helped me, helped me get my funds refunded, and helped me all around. In just 5 days and with very little work, I was able to reclaim my cash. I’ll give Olivia my utmost respect because she is sincere and honest on all counts, and she helped me recover what I lost.
oliviatrader44 @. gm ail .co m is Olivia ma il address.
whatsapp info +1 (423) 248-2140
They promised a guaranteed return on my investment but after investing my life savings, I got nothing in return. They seemed legitimate at first, but it was all a scam. I urge people to stay away from awful platforms and not risk their hard-earned money like I did. Reported a scam to Mrs. Doris Ashley.
Email: dorisashley71 (@) gmail. Com.
WhatsApp+1---(404)--721--56--08 for recovery.
I was glad for her services. In just four day they helped me recover it all.
Add a comment