Coinbase Global Inc Ordinary Shares - Class A
COIN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|pf | LOCK|!? | LOCK|?!#dXsc |
Coinbase Earnings: Weak Cryptocurrency Market Conditions Push Coinbase Into Unprofitability
Coinbase reported another quarter of poor earnings as low trading volume continues to pressure the firm. Net revenue decreased 18.5% from last year to $1.22 billion. Meanwhile, the company had net losses of $359.5 million, or $105 million when excluding unrealized cryptocurrency losses.
