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nicholascam

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  1. U.S. cryptocurrency exchange Coinbase Global Inc (COIN.O) on Thursday reported a third-quarter loss as high inflation, rising interest rates and geopolitical tensions weakened demand for risky assets, sapping trading volumes for digital currencies like bitcoin. Coinbase said it had a net loss of $544.6 million for the three months ended Sept. 30, or $2.43 per diluted share, compared with a profit of $406.1 million, or $1.62 per diluted share, a year earlier. Transaction revenue fell 64% from a year earlier to $365.9 million. "Transaction revenue was significantly impacted by stronger macroeconomic and crypto market headwinds , as well as trading volume moving offshore," the company said in a shareholder letter. Net revenue was down 53.3% year-over-year at $576.4 million.
  2. Coinbase said it had a net loss of $544.6 million for the three months ended Sept. 30, or $2.43 per diluted share, compared with a profit of $406.1 million, or $1.62 per diluted share, a year earlier. "Transaction revenue was significantly impacted by stronger macroeconomic and crypto market headwinds, as well as trading volume moving offshore," the company said in a shareholder letter.
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