Crypto Exchange Coinbase Reports $1 Billion Loss in Q2, COIN Stock Tanks 10%

Crypto Exchange Coinbase Reports $1 Billion Loss in Q2, COIN Stock Tanks 10%


CoinGape
2022-08-10 05:16:59

On Tuesday, August 9, crypto exchange Coinbase (NASDAQ: COIN) reported its earnings for the second quarter of 2022. During Q2, the company reported a loss of a staggering $1 billion. Coinbase’s loss per share stood at $4.95 against the expected $2.65. Besides, the company also missed its revenue estimates with Q2 revenue at $808.3 million, The post Crypto Exchange Coinbase Reports $1 Billion Loss in Q2, COIN Stock Tanks 10% appeared first on CoinGape.