Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn - Cointelegraph

Coinbase’s share price fell 10.55% on Tuesday following the release of its Q2 results, which saw the company posting a $1.1 billion net loss on falling asset prices.

Crypto exchange giant Coinbase has cited a fast and furious downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw tradi… [+2590 chars]

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