top-crypto-news.org
No Result
View All Result
  • Home
  • Bitcoin
  • NFT
  • DeFi
Bitcoin ticker
Bitcoin
$30308
BTC
Ethereum ticker
Ethereum
$2023.39
ETH
BNB ticker
BNB
$306.8
BNB
Cardano ticker
Cardano
$0.538479
ADA
Solana ticker
Solana
$53.11
SOL
Bitcoin ticker
Bitcoin
$30308
BTC
1339.93
Ethereum ticker
Ethereum
$2023.39
ETH
63.65
BNB ticker
BNB
$306.8
BNB
15.29
Cardano ticker
Cardano
$0.538479
ADA
0.014
Solana ticker
Solana
$53.11
SOL
2.49
  • Home
  • Bitcoin
  • NFT
  • DeFi
No Result
View All Result
top-crypto-news.org
No Result
View All Result
top-crypto-news Exchanges

Coinbase’s quarterly balance sheet reflects notable losses compared to earnings recorded at the close of 2021

Alex Coin
May 11, 2022
Reading Time: 2 mins read
0

In this regard, Coinbase is an American company that operates a cryptocurrency exchange platform. cites as the main reason the fall seen in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, which had its beginnings at the end of 2021. However, the company reiterates that it remains steadfast in its commitment to digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies going forward.

RELATED POSTS

Binance is actively seeking regulatory approval in Germany

NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

Binance and OKX remove LUNA and UST from their trade listings, still available on FTX and other exchanges

***

The U.S.-based international exchange, Coinbase, revealed that for this first quarter of 2022 it recorded losses equivalent to about USD $1.33 billion, compared to revenues derived between October and December of last 2021.

Fall in the results of Coinbase for this first quarter

The information was released by the team of Coinbase in a letter to shareholders, in which it revealed that it recorded about $1.16 billion in net income, although this figure is well below the $2.49 billion capitalized for the end of 2021. It is worth noting that its trading volumes for this period also fell compared to last quarter, as they were about USD $309 billion versus USD $547 billion traded between October and December.

In relation to these results, the team of Coinbase he explained:

“The first quarter of 2022 continued a downward trend in cryptoasset a cryptoasset is any digital asset that uses cryptographic technologies to maintain its operation as a currency or decentralized application. prices and volatility, which had its origins in late 2021. These market an area or arena, online or offline, in which commercial dealings are conducted. conditions directly impacted our results for the first quarter… But we entered this phase of the market with a lot of foresight and preparation, so we remain just as excited about the future of cryptocurrencies.”

The drop in the aforementioned indicators was also felt among the registered user base by Coinbase, which for the corresponding quarter stood at over 9 million people.

Recent drop in stock prices COIN a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency.

The results presented by Coinbase for this first quarter also contrasts sharply with the drop seen in its share price in major markets, a reaction that also coincided with the decline seen in the price of major cryptocurrencies.

According to various published reports, the price of the stock COIN fell about 20% yesterday during the period of uncertainty that also shook the digital currencies market. In this regard, analysts explain that being a company whose operating model is based on cryptocurrencies, it was natural to expect fear among investors when seeing fluctuations in the price of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and the main exponents of the sector.

At the time of going to press, the price of COIN continues to fall and is trading around USD $72.9 per unit, posting a 12.6% loss in the last 24 hours.


  • Falling prices! Three possible aspects associated with the crypto market downturn for this May 10.
  • Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoins
  • Treasury’s Janet Yellen signals UST collapse in latest call to regulate stablecoins

Source: Coinbase ,TheBlockCrypto

Version by Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

ShareTweetPin

Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

Related Posts

berlin-alemania-unsplash
Europa

Binance is actively seeking regulatory approval in Germany

May 19, 2022
bitcoin brasil
Bitcoin

NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

May 17, 2022
cierre-ghost-unsplash-canva
Earth

Binance and OKX remove LUNA and UST from their trade listings, still available on FTX and other exchanges

May 14, 2022
binance-regulador-unsplash-canva
Earth

Binance to suspend LUNA futures contracts – USDT when the pair trades below USD $0.005

May 13, 2022
Exchanges

Coinbase warns some Russian users their accounts will be blocked this month

May 9, 2022
alloy
Exchanges

Binance suspends crypto derivatives trading for users residing in Spain until further notice

May 8, 2022
Next Post
fallen-market-unsplash

Falling prices! Three possible aspects associated with the crypto market downturn for this May 10.

Financial Stability Board says it can lead global regulation for cryptocurrencies

Bitcoin news

aumento-hash-unsplash

Bitcoin hash rate returns to all-time high despite price pullback

December 8, 2021
pago-btc-lightning-unsplash-canva

Bitwage procesa el primer pago de nómina salarial con Bitcoin a través de Lightning 

December 6, 2021
wall street unsplash

Goldman Sachs and other Wall Street banks explore Bitcoin-backed loans

December 2, 2021
top-crypto-news.org

Recent Posts

  • Universal Music Group lanzará NFT en Algorand Marketplace de LimeWire
  • Binance is actively seeking regulatory approval in Germany
  • Australian Tax Office to focus on cryptocurrency profits

© 2021 top-crypto-news.org

No Result
View All Result
  • Home

© 2021 top-crypto-news.org