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Find all the economic and financial information on our Orishas Direct application to download on Play StoreA loss was announced in the third half of the year by the American cryptocurrency exchange Coinbase Global Inc. Rising interest rates, high inflation, and geopolitical tensions have weakened demand for risky assets, destroying trade volumes for digital currencies like bitcoin.
A net loss of $544.6 million was declared by Coinbase for the three months ended September 30. This shows $2.43 per diluted share, compared to earnings of $406.1 million, or $1.62 per diluted share, a year earlier.
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