Coinbase- Facing Huge Loss
American cryptocurrency exchange
reported lower than expected revenue, larger than expected losses.
The Cypto Trading Platform Coinbase also
decline in trading volumes in Q1 compared to the previous quarter.
- Trading Volume down by 44%
Coinbase- Market Faces Huge Fall
Coinbase fell about 15% in aftermarket trading due to the announcement, and is down 71 percent year-to-date.
Crypto exchange, Coinbase to hit revenues of $1.5 billion for the quarter, along with trading volumes of $331.2 billion.
- Revenue hit Hard
Coinbase- Posted Huge Loss
The Coinbase company posted a net loss of
net profit in the previous quarter.
Coinbase have recently launched an NFT marketplace, as well as filed for the ability to offer securities in the future.
- Launched NFT Marketplace
Coinbase- CEO Remark
has clarified that the company disabled its trading service in India.
Cryptocurrencies using UPI,
NPCI would like to clarify that we are not aware of any crypto exchange using UPI.”
- Trading halted by UPI
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