Coinbase beats on revenue and earnings, but usage continues to decline

Rafael Henrique | SOPA Images | Lightrocket | Getty Images

Coinbase's user base continues to shrink. The company said it had 8.3 million monthly transacting users during the fourth quarter, down from 8.5 million the prior period. Analysts were expecting 8.22 million, according to StreetAccount. Trading volume fell 9% to $145 billion from the previous quarter.

Pump it and they will come.

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Coinbase inches higher ahead of earnings as Silvergate slips after downgradeCoinbase shares slipped shortly after the open while Silvergate plunged after its latest dowgrade.
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