🔵Coinbase Earnings Report: Q4 Net Loss of $667 Million, Total Transaction Volume Reaches $5.2 Trillion
The fourth quarter saw a net loss of $667 million, or $2.49 per share; total revenue was $1.78 billion, a year-over-year decrease of approximately 22%, falling short of market expectations of $1.83 billion to $1.85 billion; the crypto trading market share rose to approximately 6.4%.
Recently, Coinbase CEO @brian_armstrong tweeted, "We believe we can achieve a win-win market structure that advances the President's cryptocurrency agenda while addressing banks' concerns.
We will always prioritize the best interests of cryptocurrency users. Coinbase attended two recent White House meetings, and the crypto industry has expressed its support.
We are steadily moving towards a win-win situation for the White House, banks, and cryptocurrencies, and will continue to advocate for policies that are most beneficial to cryptocurrency users, especially core consumer benefits such as rewards."
