Coinbase Stock Slumps After Disappointing Earnings Report
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最新报道：Coinbase reported mixed Q2 2023 earnings, with revenue reaching $708 million, down 12% year-over-year but beating analyst estimates. The exchange saw $327 million in net losses, significantly lower than Q2 2022's $1.1 billion loss. Transaction revenue dropped 13% to $327 million, while subscription and services revenue grew 22% to $335 million. CEO Brian Armstrong noted progress in cost-cutting and international expansion, including securing a Bermuda license. However, concerns remain over declining trading volumes and regulatory uncertainty, particularly after the SEC lawsuit. The company holds $5 billion in cash reserves but faces ongoing challenges in the crypto market downturn.
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