Coinbase Cuts Q3 Losses in Half to $545M

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Coinbase Cuts Q3 Losses in Half to $545M

Crypto exchange Coinbase (COIN) cut its third quarter losses by 50% to $545 million from $1.1 billion in the second quarter, the company reported Thursday. But its transaction revenue continued to be significantly impacted by macroeconomic and crypto market headwinds, as well as trading volume moving offshore, the company said in its shareholder letter. www.coindesk.com

Crypto exchange Coinbase (COIN) cut its third quarter losses by 50% to $545 million from $1.1 billion in the second quarter, the company reported Thursday. But its transaction revenue continued to be significantly impacted by macroeconomic and crypto market headwinds, as well as trading volume moving offshore, the company said in its shareholder letter.

www.coindesk.com