Акції Coinbase падають після невиконання прогнозів аналітиків.
The exchange also announced the largest acquisition in crypto history, but even that failed to buoy Coinbase’s stock price.
Coinbase Stock Tumbles Following Earnings Disappointment
Coinbase (Nasdaq: COIN) saw its shares drop Thursday afternoon when it announced lower-than-expected revenue for the first quarter of the year. Even the firm’s historic acquisition of the world’s largest crypto derivatives platform Deribit, a $2.9 billion transaction, the largest deal in crypto history, and bitcoin’s recent surge past $100K, both failed to rally the exchange’s stock, which closed at $199.32 on Friday, down 1.5%, according to Yahoo Finance.
The exchange raked in $2.0 billion in total revenue for the quarter but netted only $66 million, according to its shareholder letter. In comparison, Coinbase’s net income for the previous quarter was $2.27 billion and net income was roughly $1.2 billion.
