Crypto exchange Coinbase revenue drops 35% as retail interest slows -Breaking
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© Reuters. FILE PHOTO – People look as Coinbase Global Inc’s logo, which is the largest U.S. cryptocurrency exchange and trading platform, appears on the Nasdaq MarketSite Jumbotron in Times Square, New York. This image was taken April 14, 2021. REUTERS/Shannon Stapleton(Reuters] – Coinbase (NASDAQ 🙂 Global Inc announced a 35% decrease in revenue for the quarter ended Tuesday. Extreme market volatility caused investors to limit their exposure to high risk assets and reduce trading volume.
The total revenue for the crypto exchange operator decreased to $1.17 Billion in three months ending March 31, from $1.80 Billion a year ago.
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