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Coinbase posts loss as crypto market turmoil hits trading volumes

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Coinbase posts loss as crypto market turmoil hits trading volumes kitconews gold silver metals economics mining investing finance

Aug 9 - Coinbase Global Inc reported a larger-than-expected quarterly loss on Tuesday as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6%.

Investors have dumped speculative assets from stocks to crypto this year on fears that aggressive central bank policy tightening could tip the U.S. economy into a recession.

 

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