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.