The coin base share has dropped by about 5 % after the forecasts have been missed again
The coin base share has dropped by about 5 % after the forecasts have been missed again
- Coinbase reported sales of $ 803 million compared to $ 1.17 billion in the first quarter
- The entire quarterly trading volume was $ 217 billion, which corresponds to a decrease of around 30 %
The Coinbase crypto exchange reported $ 803 million in the second quarter and was therefore significantly below the analysts of $ 854.8 million.
The stocks lost about 5 %in post -interconnected trading.
From the income of Coinbase in the second quarter, $ 655 million came from trade fees, a decrease of 35 % compared to the first quarter. Of these, $ 39 million came from transactions with institutional investors, a decline of 17 % in the same period.
The monthly active users of Coinbase went back from 9.2 million to 9 million in the second quarter.
The entire quarterly trading volume was $ 217 billion, which corresponds to a decline of around 30 %, which attributed the stock exchange to the market conditions in your company shareholder letter published before the winning call on Tuesday.
The income from subscriptions and services amounted to $ 147 million, which corresponds to a decrease of 3 % and an increase of 44 % compared to the previous year.
"We emphasize the growth of 44 % in the year, because it shows that these income is less volatile compared to the transaction revenue," wrote the stock exchange.
The stock exchange said that it "stopped and expected to seize some smaller and long-term products" in order to focus on the growth of the coin base retail app, coinbase prime, staking functions, developer products and their web3 business.
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The article Coinbase Stock Down About 5% After Missing Project Again is not a financial advice.
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