Coinbase Posts One other Quarterly Loss Amid Regulator Crackdown

• Coinbase (NASDAQ:) has posted 4 consecutive quarterly losses since going public in April 2021.
• The collapses of a number of high-profile crypto-based firms, resulting in regulatory strain, have been claimed to be on the coronary heart of Coinbase’s poor efficiency.
• Coinbase carried out higher than anticipated in This fall and improved upon its Q3 posting.

The continuing crypto winter has seen the cryptocurrency market cap drop to a low of $1.5 trillion, down from its all-time excessive of $2.9 trillion.

In its fourth-quarter earnings, launched on Tuesday, February twentieth, Coinbase addressed the influence of the continuing bear market, itemizing high-profile bankruptcies and elevated regulatory scrutiny as causes for its fourth consecutive quarter of losses.

Supply: Reuters

The collapse…

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