Skip to content
Wellesley Hills Financial
  • Home
  • Services
    • Services Overview
      Restructuring
    • Transaction Advisory
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Strategic Advisory
      • Valuation
      • Payments Analytics
  • About Us
  • Transactions
  • Insights
    • Insights Overview
      Insights
    • Our Top Picks
      • Week’s Most Interesting
      • Crypto
      • E-commerce
      • Embedded Finance
      • Fintech
      • Fraud / Risk Management
      • Investments – M&A
      • Open Banking
      • Payments
      • Saas
      • Specialty Finance / LendTech
    • Other Resources
      • Featured Articles
      • Market Movements
  • Contact
  • Home
  • Services
    • Services Overview
    • Transaction Advisory
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Strategic Advisory
      • Valuation
      • Payments Analytics
  • About Us
  • Transactions
  • Insights
    • Insights Overview
    • Our Top Picks
      • Week’s Most Interesting
      • Crypto
      • E-commerce
      • Embedded Finance
      • Fintech
      • Fraud / Risk Management
      • Investments – M&A
      • Open Banking
      • Payments
      • Saas
      • Specialty Finance / LendTech
    • Other Resources
      • Featured Articles
      • Market Movements
  • Contact

Coinbase (COIN) Earnings Q2 2022

Coinbase (COIN) earnings Q2 2022
  • August 12, 2022
  • Crypto, Insights

Coinbase, the major online platform for buying, selling, transferring, and storing cryptocurrencies, saw its shares drop precipitously in extended hours trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ estimates on revenue. They argued that investors pulled out of crypto investments after the tremendous run-up in 202, resulting in the 64% drop in income. Retail transactions were also down 66% from analyst forecasts. A $377 million impairment charge was another contributing factor. In response to the poor current market conditions, Coinbase is being forced to downsize its operations.

Coinbase (COIN) earnings Q2 2022

SEE MORE INSIGHTS
Wellesley Hills Financial

1087 Beacon Street, Ste. 204
Newton, MA 02459
Phone: + 1 617-465-2425 

Twitter Linkedin

Securities transactions introduced through Wellesley Hills Securities, member SIPC/FINRA

Privacy Policy | Terms + Conditions

Copyright 2022 – Wellesley Hills Financial

MARKET INSIGHTS NEWSLETTER

Breaking industry news delivered to your inbox each week.

Market Insights Newsletter

Industry-specific market commentary, analysis, and research delivered weekly.