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Coinbase Reports Disappointing Q1 Amid Crypto Market Slump
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Coinbase Global Inc. reported a disappointing first quarter, with transaction revenue dropping 19% quarter-on-quarter to $1.3 billion. The company attributes its performance to declining cryptocurrency prices influenced by new tariffs and broader economic uncertainty. Despite a $2.9 billion acquisition of Deribit, Coinbase shares have declined 16% year-to-date.
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#CoinbaseStruggles #CryptoExchange #MarketDownturn #CryptoTariffs #CoinbaseQ1
Body:
Coinbase Global Inc. reported a disappointing first quarter, with transaction revenue dropping 19% quarter-on-quarter to $1.3 billion. The company attributes its performance to declining cryptocurrency prices influenced by new tariffs and broader economic uncertainty. Despite a $2.9 billion acquisition of Deribit, Coinbase shares have declined 16% year-to-date.
Hashtags:
#CoinbaseStruggles #CryptoExchange #MarketDownturn #CryptoTariffs #CoinbaseQ1
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