Coinbase’s Earnings and Sales Fall Short of Wall Street Expectations as Trading Volume Decreases 10% During Market Turmoil
With the U.S. economy facing some uncertainty, Coinbase’s shares dropped nearly 3% in after-hours trading following a substantial revenue decline in the first quarter. The cryptocurrency exchange announced revenues of $2 billion, down from $2.27 billion in the previous quarter. Earnings per share were reported at $0.24, significantly lower than the analyst estimate of $1.93, […]
Former Clinton aide, OpenAI executive Chris Lehane joins Coinbase’s board
Former President Clinton aide and OpenAI executive team member Chris Lehane is joining Coinbase as the cryptocurrency company seeks to bolster its bipartisan credibility. The American political consultant and cryptocurrency executive said he was excited to join the company’s board of directors. release On the Coinbase website. “I’m pleased to support Coinbase as they continue […]