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Coinbase narrows Q1 loss to $79m as trading volume slips 53%
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fnlondon.comCoinbase Global reported a fifth consecutive quarter of losses as individual investor enthusiasm for crypto trading on the platform remained stagnant.
The biggest cryptocurrency exchange in the US posted a loss of $79m in the first quarter, narrowing its loss of $430m a year ago. The improvement was largely driven by operational cost cutting, including a 20% reduction in workforce announced in January.
The...
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