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The largest cryptocurrency exchange in the USA announced record loss


Cryptocurrency exchange continues to upset its investors. The most important currency of the stock market Bitcoin’in The fact that it went up to $ 70,000 for a period caused almost everyone to be interested in cryptocurrencies, while the leading currency, which is currently trying to stay above $ 20,000, upsets crypto money investors.

global inflation, economic crisis, Luna Cryptocurrency exchanges, which could not catch an upward trend due to external and internal factors such as the scandal, cause large companies to make losses in every corner of the world. Operating in the United States and known as the country’s most important cryptocurrency exchange Coinbase’de one of the losers.

The largest cryptocurrency exchange in the USA announced record loss

Closing the last quarter with a loss of 430 million dollars Coinbase, In this quarter, it made a loss of 1.1 billion dollars. While there are many reasons behind this loss, of course, the most important of them was the decrease in the stock market volume by about 30% and regressed to the level of 217 billion dollars.

The company’s revenues, which expected an income of over 870 million dollars in the second quarter of the year, remained at 803 million dollars, again. activity It was cited as one of the reasons for the peak damage.

Finally Coinbase Since it is a publicly traded cryptocurrency company in the USA, this situation negatively affects not only cryptocurrency investors, but also stock investors. So much so that the stock price, which went up to 360 dollars at one time, is currently below 100 dollars.

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