- Coinbase (NASDAQ:COIN) has posted four consecutive quarterly losses since going public in April 2021.
- The collapses of a pair of high-profile crypto-primarily based companies, ensuing in regulatory stress, were claimed to be on the center of Coinbase’s bad efficiency.
- Coinbase performed better than anticipated in Q4 and improved upon its Q3 posting.
The continuing crypto chilly climate has viewed the cryptocurrency market cap plunge to a low of $1.5 trillion, down from its all-time high of $2.9 trillion.
In its fourth-quarter earnings, launched on Tuesday, February twentieth, Coinbase addressed the influence of the ongoing undergo market, list high-profile bankruptcies and elevated regulatory scrutiny as reasons for its fourth consecutive quarter of losses.
Provide: Reuters
The collapse...
Proceed Finding out on DailyCoin
