Coinbase posts third straight quarterly loss as retail traders give up

Homepage > News > Business > Coinbase posts third straight quarterly loss as retail traders give up Coinbase (NASDAQ: COIN) booked its third consecutive quarterly loss as the digital asset exchange’s customers looked elsewhere for entertainment and/or disappointment. Coinbase’s disappearing users a market-wide problem Coinbase says Circle deal will renew despite OUSD support Prediction market grows, but don’t ask by how much Senior management shuffling Bad bet on ‘creator coins’ forces out Base network lead Coinbase reported revenue of $1.22 billion in the three months ending June 30, a 13.2% decline from the first quarter of this year and 18.5% below the same period last year. Coinbase booked a net loss of just under $360 million, a slight improvement over Q1’s $394 million loss but a world away from the $1.43 billion profit in Q125. Q2 was a dire period for prominent tokens like BTC and ETH, and the price plunges appear to have convinced Coinbase users to stay on the sidelines rather than roll the dice in this crooked crypto casino. Monthly transacting users (MTUs), a broadly defined category that includes users whose activity amounts to nothing more than passively recei...