Originally published at: Coinbase Shares Plunge as Company Reports Q1 Losses of $430M (cryptopotato) – We Never See Nothing
The exchange’s trading volumes fell around 44% between January and March as it reported worse than expected earnings for the period. Crypto markets were largely range-bound for Q1 with few opportunities for short-term traders, resulting in the exchange volume slump. Coinbase derives as much as 85% of its revenue from above industry average transaction fees,…