Coinbase Stumbles: Q1 Revenue Drops 10%, Misses Wall Street Targets
Crypto exchange Coinbase posted its Q1 earnings report on May 8, with both revenue and profit dipping as crypto trading cooled off during the initial three months of the year. Overall revenue was $2 billion, down 10% from Q4. Net income plummeted to $66 million from $1.29 billion in Q4, primarily on the back of…