News Formal

Coinbase beats Q4 earnings estimates amid falling transaction volume

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 4 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Coinbase noted the 'challenging year for crypto markets' in its Q4 2022 results, which saw it beat analyst earnings estimates for the quarter despite a transaction volume decline.

Transaction volumes decreased 12% compared to the prior quarter, however, Coinbase pointed to a 34% increase in subscription and service revenues as the reason for its 5% total revenue growth for the quarter.

Our letter to shareholders can be found on the Investor Relations website at
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The recent developments in crypto markets have been challenging, but not unprecedented.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase inches higher ahead of earnings as Silvergate slips after downgradeCoinbase shares slipped shortly after the open while Silvergate plunged after its latest dowgrade.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Coinbase beats on revenue and earnings, but usage continues to declineCoinbase beats on revenue and earnings, but usage continues to decline Pump it and they will come.
Source: CNBC - 🏆 12. / 72 Read more »