Coinbase, which has suffered badly from the fall in digital currencies, recorded a total volume of transactions of 217 billion dollars, down 30% over three months, while its income reached 808.3 million euros, against 854.8 million consensus. (Photo credits: Coinbase – )
(AOF) – Coinbase, the cryptocurrency exchange platform, unveiled a heavier than expected quarterly net loss of around $1.1 billion, against a profit of $1.61 billion a year earlier. year earlier. The title lost 6.1% in out-of-hours trading. Coinbase, which recently parted ways with 1,100 employees (18% of its workforce), saw its number of monthly active users drop to 9 million over the quarter, from 9.2 million over the previous three months.
Coinbase, which has suffered badly from the fall in digital currencies, recorded a total volume of transactions of 217 billion dollars, down 30% over three months, while its income reached 808.3 million euros, against 854.8 million consensus.
A decline that the company expects to see persist over the current quarter.
The company now expects to have between 7 and 9 million average monthly users over the year, and thus reduces its range of previous forecasts.
“We clearly recognize that these are tight market conditions,” said Alesia Haas, chief financial officer of Coinbase.
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