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Coinbase Beats Q1 Market Expectation, Narrows Loss Significantly

Coinbase Beats Q1 Market Expectation, Narrows Loss Significantly
Coinbase (Nasdaq: COIN) closed the first quarter of 2023 with total revenue of $773 million, higher than market expectations of $655 million. The figure also jumped from the previous quarter's $629 million. A Strong Quarter for Coinbase The net revenue of the cryptocurrency exchange for the quarter between January and March came in at $736 million, 22 percent higher quarter-over-quarter but a drop of 36 percent when compared to Q1 2022. The New York-listed company reported a net loss of $79 mill... Read More
Posted: May 5 2023, 06:52
Author Name: financemagnates
Views: 110441

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