Coinbase tanked to a $1.36 loss per share as a 25% quarter-over-quarter collapse in crypto spot trading volume and multi-year lows in volatility decimated transaction revenue, sending the exchange to a $359.5 million net loss from $1.43 billion profit a year ago. Subscription and services revenue held steady at 48% of total revenue, and the company slashed full-year expense guidance by $100 million to weather the deep freeze.
Coinbase :
COIN
COIN
Stock Data
$148.68
$4.92 (3.20%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
FINANCIAL DATA & STOCK EXCHANGES
Coinbase Global Inc is a leading platform in the cryptocurrency space, headquartered in Wilmington, Delaware. Founded in 2012, it offers a comprehensive financial ecosystem for the crypto economy. For individual users, it acts as a primary financial account for engaging with cryptocurrencies, while institutions benefit from its liquidity pool for crypto transactions. Additionally, Coinbase empowers developers with the tools to create crypto-based applications and accept cryptocurrencies as payment, making it a cornerstone of digital asset infrastructure.
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