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Cryptocurrency News

Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss

05/11/2022

Less than a minute

2022.05.11 06:55

Cryptocurrency exchange Coinbase (NASDAQ:COIN) has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong said on an earnings call that he’s “never been more bullish on where we are as a company.”

In its first quarter 2022 report Coinbase disclosed that revenue had dropped 27% to $1.17 billion, down from $1.6 billion in the first quarter of 2021 and a long way off its Q4 2021 revenue of $2.5 billion. Monthly transacting users also dropped by over 19% to 9.2 million, from last quarter’s 11.4 million.

Source

05/11/2022

Less than a minute