Coinbase posts losses.
BANKING AND CREDIT NEWS-August 10, 2022--Coinbase posts losses
(C)2022 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 10 August 2022
US-based cryptocurrency exchange, Coinbase has announced that it has posted losses.
The firm has posted a loss of USD1.1bn in the second quarter of 2022 and attributed the losses to the downturn that cryptocurrencies are currently facing. This is the second, consecutive quarter of loss for the crypto company.
The company posted USD802.6m in revenue...
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