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Coinbase says it is bleeding users as Nasdaq and bitcoin continue to fall
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The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets.
Coinbase Global said 10 May that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, shares traded around $61—a far cry from the $381 where the stock opened trading when it went public a little over a year ago.
“Nasdaq...
Read more on fnlondon.comAbout this in other media
Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh US stocks dive cointelegraph.com /1 year ago
Bitcoin dives to fill CME gap amid claim new all-time highs will take 2 years cointelegraph.com /1 year ago
Has Bitcoin staunched its bleeding, or can further downside be expected ambcrypto.com /1 year ago
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