Shares of major crypto exchange Coinbase Global Inc (NASDAQ: COIN) slid over 11% in extended trading on Tuesday, following dour quarterly earnings.
What Happened: The company reported a net loss of $430 million for the quarter, a considerable decline from the $840 million profit reported in the fourth quarter of 2021.
The exchange recorded $309 billion in overall trading volume, down 44% from the last quarter.
Coinbase expects a decline in annual average retail monthly transacting users (MTUs) and trading …
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