Coinbase’s Trading Slump Shows Financial Platforms Need Users
Coinbase on Thursday (July 30) reported revenue of $1.22 billion, below Wall Street expectations. The company’s transaction revenue fell 21% year over year to $599 million as industrywide spot volumes declined. Bitcoin-related transactions, which once generated more than half of Coinbase’s revenue, accounted for approximately 12% of the business in the quarter. A $209.5 million […]