Coinbase’s trading volumes fell more than 40 per cent in the first quarter, as its worse than expected earnings and bleak outlook underscored the fallout from the crypto bear market.
Shares in the largest US cryptocurrency exchange fell more than 15 per cent in after-hours trading, after the company reported net losses of $430mn, far greater than the $47mn expected by Wall Street analysts.
Revenues, the majority of which come from trading fees, fell 35 per cent year-over-year to $1.2bn, missing analysts’ expectations of $1.5bn.
您已阅读17%（533字），剩余83%（2569字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。