Shares of U.S. crypto trade Coinbase teetered this morning after its second-quarter results missed each top- and bottom-line expectations, off greater than 5% in pre-market buying and selling then leaping as a lot as 7% after markets opened.
The corporate, as soon as massively worthwhile within the wake of its 2021 direct itemizing due to a run in crypto-related buying and selling actions, is now working to restrict prices and courageous the continued “winter” in its market and keep on with prior profitability targets for the total yr.
The Coinbase report – learn techaroundusa’s preliminary look right here – is replete with fascinating knowledge, making it tough to element in only one column. To wrap our minds round what Coinbase reported yesterday, and what its notes on the long run imply for the crypto startup economic system within the again half of 2022, we’re digging deeper at the moment.
What follows are 5 takeaways from Coinbase’s report that stood out to us. In fact, tell us in the event you assume we missed one thing crucial. To work!
