By Yasin Ebrahim

After the quarterly report by Coinbase, Investing.com (NASDAQ:), Coinbase plunged Tuesday afternoon due to weaker volatility as well as a drop in bitcoin prices.    

Coinbase Global After-hours trading saw shares of Inc (NASDAQ:COIN), rise 1%

Coinbase’s EPS was $1.98 on $1.16 Billion in revenue, exceeding Wall Street expectations of $0.01 for $1.6 Billion revenue.

The trend towards lower volatility and crypto assets prices continued in the first quarter 2022. This pattern began in 2021. The company stated that these market conditions had directly affected our Q1 results. 

From 11.4 million, retail monthly transacting user (or MTUs) dropped to 9.2million during the fourth quarter.

The trading volume fell to $309B from $547B in the fourth quarter, and $335B in the first quarter 2021.

The total transaction revenue dropped to $1.01 Billion from $1.54 Billion in the previous-year period. Retail accounting was $965 M and institutional only $47.2 Million.