Coinbase reported a 54% drop in revenue, saying the headwinds will continue and likely intensify. $COIN said it lost $545 million, or $2.43 a share, in the quarter, swinging from earnings of $406 million, or $1.62 a share, in the year-ago period:
Coinbase Global Inc. late Thursday reported a wider quarterly loss and a 54% drop in revenue, saying the headwinds for its business will continue and likely intensify next year.
Shares traded lower immediately after the report, but at last check were rising more than 8% in the extended session.
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