Coinbase transaction revenues plummet 44% as users activity declines in Q3 By Cointelegraph
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Coinbase transaction revenues plummet 44% as users activity declines in Q3Crypto exchange Coinbase (NASDAQ:) saw a huge fall in its transaction revenues in the third quarter after activity fell amid a broader market downturn, but managed to cut its losses in half compared to the prior quarter.
In its shareholder letter released Nov. 3, the company shared that transaction reven had fallen from $655.2 million in the second quarter to $365.9 million, representing a decline of 44%.
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Coinbase transaction revenues plummet 44% as users activity declines in Q3Crypto exchange Coinbase (NASDAQ:) saw a huge fall in its transaction revenues in the third quarter after activity fell amid a broader market downturn, but managed to cut its losses in half compared to the prior quarter.
In its shareholder letter released Nov. 3, the company shared that transaction reven had fallen from $655.2 million in the second quarter to $365.9 million, representing a decline of 44%.
Continue Reading on Coin Telegraph
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