Coinbase Posts Another Quarterly Loss Amid Regulator Crackdown By DailyCoin
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© Reuters Coinbase Posts Another Quarterly Loss Amid Regulator Crackdown- Coinbase (NASDAQ:) has posted four consecutive quarterly losses since going public in April 2021.
- The collapses of multiple high-profile crypto-based companies, leading to regulatory pressure, were claimed to be at the heart of Coinbase’s poor performance.
- Coinbase performed better than expected in Q4 and improved upon its Q3 posting.
The ongoing crypto winter has seen the cryptocurrency market cap drop to a low of $1.5 trillion, down from its all-time high of $2.9 trillion.
In its fourth-quarter earnings, released on Tuesday, February 20th, Coinbase addressed the impact of the ongoing bear market, listing high-profile bankruptcies and increased regulatory scrutiny as reasons for its fourth consecutive quarter of losses.
Source: Reuters
The collapse…
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© Reuters Coinbase Posts Another Quarterly Loss Amid Regulator Crackdown- Coinbase (NASDAQ:) has posted four consecutive quarterly losses since going public in April 2021.
- The collapses of multiple high-profile crypto-based companies, leading to regulatory pressure, were claimed to be at the heart of Coinbase’s poor performance.
- Coinbase performed better than expected in Q4 and improved upon its Q3 posting.
The ongoing crypto winter has seen the cryptocurrency market cap drop to a low of $1.5 trillion, down from its all-time high of $2.9 trillion.
In its fourth-quarter earnings, released on Tuesday, February 20th, Coinbase addressed the impact of the ongoing bear market, listing high-profile bankruptcies and increased regulatory scrutiny as reasons for its fourth consecutive quarter of losses.
Source: Reuters
The collapse…
Continue Reading on DailyCoin
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