Coinbase

Revenue for the crypto exchange dropped 27% from a year ago as trading on the platform has slowed. Shares of Coinbase Global fell to new lows.

“We are at a point in our evolution where we need to continue investing to drive growth and help grow our sector. At the same time, we will closely monitor market conditions to ensure we are investing our resources as responsibly and wisely as possible. Retail monthly transaction users (MTUs) were down from 11.4 million in the previous quarter to 9.2 million in Q1 2022.

Coinbase shares plummeted nearly 25% in early trading Wednesday morning and hit their lowest level ever. Coinbase stock is now down more than 75% this year and ...

Coinbase said in its earnings report that about 48% of its transaction revenue came from bitcoin and ethereum in the quarter. The company said that "in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors." "The first quarter of 2022 continued a trend of both lower crypto asset prices and volatility that began in late 2021," Coinbase said in a letter to shareholders.

Coinbase and Crypto.com are two popular crypto exchanges that give investors access to top coins, along with extra ways to earn rewards.

Crypto.com, on the other hand, has a richer suite of crypto-related products and services if want to integrate crypto more into your life. - Pay: Use the Crypto.com network toreceive paymentsas part of your business, or to buy goods and services from others. However, with Crypto.com you need to allocate coins to its Earn feature, while Coinbase allows you to earn staking interest just by holding the coins. Coinbase also offers you the chance to earn free coins by learning about them. Coinbase makes it a point to tout its security measures, and offers educational articles to help you use tools like multifactor authentication to better secure your account. Navigating how Crypto.com’s fees work and how to access the discount by paying fees with CRO can be difficult. For example, the flat fee on a transaction of $10 or less is $0.99, but the flat fee on a transaction amount between $50 and $200 is $2.99. Beyond a flat fee, you can be charged a percentage of the transaction based on payment method. In addition to the exchange’s custodial wallet, you could use the platform’s decentralized wallet where you maintain control of your password and keys. You can also use the Coinbase Wallet on your mobile device or as a browser extension. So if you’re just getting started and only want to invest a few hundred dollars to start, that could present some complexity if you later decide to cash out with less than that amount. While Crypto.com does offer some unique additional options that could appeal to more advanced investors, we think Coinbase is a better option for most people. Coinbase does charge higher fees than other cryptocurrency exchanges, but experts we’ve talked to say the fees are worth the security, simplicity, and reliability of the most popular exchange.

Coinbase chief executive said a disclosure in its latest quarterly filing did not indicate the largest U.S. cryptocurrency exchange faced a bankruptcy risk, ...

He said it was unlikely that "a court would decide to consider customer assets as part of the company in bankruptcy proceedings" although it was still possible. "We should have updated our retail terms sooner, and we didn't communicate proactively when this risk disclosure was added," he said. Advertisement

Coinbase Global Inc. Chief Executive Officer Brian Armstrong said there is “no risk of bankruptcy” for the largest U.S. cryptocurrency exchange, even amid a ...

The company said revenue fell 27% from the year-ago period, and usage on Coinbase declined from the fourth quarter.

The firm slashed its price target to $171 from $258. Usage on Coinbase declined from the fourth quarter. Total trading volume declined from $547 billion in the fourth quarter to $309 billion.

We'll send you a myFT Daily Digest email rounding up the latest Cryptocurrencies news every morning. Shares in cryptocurrency exchange Coinbase lost almost a ...

Coinbase — Shares sank 23% after Coinbase reported first-quarter revenue below expectations. Coinbase posted revenue of $1.17 billion versus the Refinitiv ...

Occidental reported first-quarter earnings of $2.12 per share on revenue of $8.53 billion. The RealReal — Shares of the secondhand luxury seller dropped 22% after the company reported a wider-than-expected loss for its most recent quarter. Krispy Kreme reported adjusted per-share earnings of 8 cents on $373 million of revenue. Analysts surveyed by Refinitiv had penciled in 18 cents per share on $497 million of revenue. The company reported an adjusted 17 cents in per-share earnings on $489 million of revenue. Unity Software reported $320 million in revenue in the first quarter, while analysts surveyed by Refinitiv expected $322 million.

On Wednesday, analyst Will Nance lowered his rating for the cryptocurrency-trading platform's shares to Neutral from Buy, citing a softening earnings outlook. “ ...

Shares dropped 23% to $56.04 in New York on Wednesday, a far cry from its first-day closing price of $328.28 last April.

The company reported lower-than-expected revenues yesterday, and warned trading volume and monthly transacting users in the second quarter is expected to be lower than in the first. Bitcoin fell below $30,000 and touched its lowest level since June, while the TerraUSD stablecoin continued its downward spiral. “We believe COIN’s stock will struggle to outperform in the near term.”

Several investment firms cut their price target on Coinbase's stock this morning but noted that the shares are trading in 'oversold' territory and expressed ...

The number of monthly transacting users also fell to 9.2 million, a decrease of 2.2 million from Q4. The exchange’s total trading volume shrank from $547 billion in the fourth quarter of 2021 to $309 billion. The bank has lowered its 12-month target for the stock from $240 to $80.

Coinbase Global Inc., like the rest of the cryptocurrency market, is having a really tough week. Not filing-for-bankruptcy bad, but the biggest US crypto ...