How Coinbase Shares Reacted to Q2 Earnings | Chart of the Day

Crypto exchange Coinbase reported a $36 million profit in Q2, substantially down from the $1.2 billion registered in the first quarter of 2024. According to Kaiko data, revenues were lower than estimated despite exceeding market expectations, and retail volume declined faster than institutional volume. The results sent the price of COIN down 16% for the week. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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[@lydia7855]

Meh. I doubt they'll last long with their incompetent support and KYC Team...

[@Leonardo-Ashton]

I guess you're really gonna have some revenue if all you ever list are shitcoins and you do insider trading with it all the time. Classic Coinbase 🤣🤣