Sentiment: Negative
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Coinbase spent 5 years building a life raft away from Bitcoin and still managed to lose $359M
By Andjela Radmilac at 2026-10-09 13:42
Sentiment: Negative
Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359.5 million net loss under US accounting rules, the company's third consecutive losing quarter. Both numbers describe the same three months. Taken together, they get closer to the truth about […] The post Coinbase spent 5 years building a life raft away from Bitcoin and still managed to lose $359M appeared first on CryptoSlate. Continue reading...
Categories: Analysis
Tags: #Analysis #Exchanges #Featured #Trading #Bitcoin #Coinbase #earnings #profits #spot trading #trading revenue
Source CryptoSlate