Coinbase reported its third-quarter earnings after the bell on Nov. 3, revealing a decline of 55% in revenue year-over year as Q3 revenue came in at $590.3 million, down from $1.31 billion in Q3 2021. The company’s also recorded a net loss of $540.6 million, or $2.43 per share, versus net income of $402.3 million,…
Coinbase Global’s second-quarter results show that the crypto exchange recorded a net loss of $1.10 billion during the period. This compares to a loss of $430 million in the first quarter and a net income of $1.61 billion in the second quarter of 2021. Net revenue for Q2 came in at $803 million, down from…
Commission-free stock, options, and cryptocurrency trading platform Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market. Company CEO blames woes on rising inflation Vlad Tenev, chief executive for Robinhood, highlighted his plan to reduce 23 percent of the company’s workforce during a meeting earlier this week….
London-based digital asset management firm Coinshares reported a loss before tax of £8.2 million for the second quarter, versus a profit before tax of £28.6 million a year ago, on the back of a one-off loss of £17.7 million due to the collapse of Terra. Combined revenue, gains, and other income for the quarter, excluding…
Coinbase Global Inc (COIN) saw its stock price rise 18% on August 3, closing the day at $80.81 — a price not seen since May 31. During after-hours trading, COIN traded relatively flat, giving up less than 1% of its earlier gains. Source: Coinbase Global Inc. on TradingView.com Amid plummeting cryptocurrency prices, the company has…