Coinbase (COIN), one of the largest cryptocurrency exchanges in the world, announced its balance sheet for the second quarter of 2022. It was observed that the company’s revenues decreased by more than 30%.
Coinbase shared its report for the second quarter of 2022 on August 9 (yesterday). Before explaining for 95 dollars Coinbase shares, which have risen as much as up to $82 declined.
in the first quarter of 2022 Announcing revenue of 1 billion 170 million dollars Coinbase in Q2 808 million dollars reported an income. Coinbase’s revenues compared to last year 64% experienced a decline. In addition, the company’s net loss in this quarter $1.1 billion reached. Analysts, Coinbase 550 million dollars He was waiting for a damage statement.
The volumes of the US-based cryptocurrency exchange also experienced a great decrease. in the first quarter $309 billion volumes of the stock market in the second quarter 217 billion fell to the dollar. The company announced that it generated $655 million in transaction revenues. This revenue is what analysts think. 9% behind left.
Coinbase shared on its official blog on August 4 that the world’s largest asset manager He announced that a partnership was established for BlackRock to provide crypto money services to its institutional customers. With this news, Coinbase shares, which were around $ 52 last month, close to 40% had risen.