Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss -Breaking
[ad_1]
Coinbase CEO has ‘never been more bullish’ even after $430M Q1 lossCryptocurrency exchange Coinbase (NASDAQ:) has divulged 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 disclosedThe revenue fell 27% to $1.17 trillion, down from $1.6 million in the first quarter. This is a far cry from Q4 2021’s $2.5 billion revenue. Also, monthly transactions users dropped more than 19% to 9.2million, compared with 11.4 million last quarter.
[ad_2]