Coinbase Earnings Crash Creates Alarm, Opportunity
May 11, 2022 at 12:08 PM EDT
Coinbase released its first quarter earnings, falling drastically short of its Q4 earnings of $2.5 billion. The earnings report revealed that Coinbase pulled in just $1.17 billion, posting a quarterly loss of $430 million. In a letter to shareholders, Coinbase said, “The first quarter of 2022...