Coinbase swings to quarterly loss as crypto winter hits trading volumes

Shares in Coinbase, which lost roughly 86% of their value in 2022, were down about 2% in extended trading after results. The market for digital assets has suffered from dour sentiment over the last year, as investors shunned risky assets amid spiraling market volatility and worries of an upcoming recession. But the biggest blow to the sector came from the bankruptcy of Sam Bankman-Fried's major crypto exchange FTX in November.

• 2023-02-22
• cryptocurrency exchange fourth quarter Coinbase extended trading volumes crypto exchange

UPDATE 2-Coinbase swings to quarterly loss as crypto winter hits trading volumes

Coinbase Global Inc reported a loss for the fourth quarter on Tuesday, as trading volumes at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies. Shares in Coinbase, which lost roughly 86% of their value in 2022, were down about 2% in extended trading after results. The market for digital assets has suffered from dour sentiment over the last year, as investors shunned risky assets amid spiraling market volatility and

• 2023-02-22
• cryptocurrency exchange Coinbase extended trading volumes