Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2

Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter -- logging $1.1 billion in net loss as revenue declined from $2.033 billion to $803 million from a year-ago quarter which is a sharp drop of nearly 60 per cent. In quarterly terms, net revenue of Coinbase … Continue reading Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2