US Equities crypto exchange Coinbase faltered this morning after its second quarter results missed both top and bottom-line expectations, taking more than 5% in pre-market trading and jumping a whopping 7% after markets open.
The company, once hugely profitable in the wake of its immediate listing in 2021 thanks to a run in crypto-related trading activities, is now working to contain costs and brave the lingering “winter” in its market and stick to previous profitability targets for the full year.
The Coinbase report – read londonbusinessblog.com’s first look here – is full of fascinating data, making it difficult to give details in just one column. To take our minds off what Coinbase reported yesterday, and what his comments about the future mean for the crypto startup economy in the second half of 2022, let’s dig deeper today.
What follows are five takeaways from Coinbase’s report that caught our eye. Be sure to let us know if you think we missed something crucial. To work!