News11 May

Coinbase has released its quarterly report


US adult exchange Coinbase, the post-IPO adult exchange, has released a quarterly report. In addition to the New York Attorney, it is also being closely watched by the crypto public and investors, ofc. Let's take a look!

- The company's shares have gone into a 70% dump since March

- Revenue down 27% year-on-year

- Net loss was $430,000,000 in the first quarter

- Trading volume dropped from $574,000 to $309,000.

However, the exchange management doesn't care much and reports that crypto is a long term asset and should be considered due to its high volatility.

Bet the pooch. Just poop in honour of the (apparently) bear coming into our homes.

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