Coinbase saw 66% decline in transaction revenue in 2022 but remained “resilient”
Coinbase saw its total trading volume for 2022 decline by 50% year-over-year.
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CEO of Elixxir and cryptography pioneer, David Chaum, expressed that the ongoing issues in centralized finance might hopefully be able to "stimulate the adoption of this next generation of technology" without the vulnerabilities.
The earnings call for Marathon Digital revealed a strong foundation for the coming as it looks to increase efficiency and its renewable energy mix.
Coinbase noted that trading volume has been shifting away from the U.S. as its U.S. monthly volume was down more than 50% at the end of September compared to January.
Coinbase reported the biggest loss ever in Q2, losing more than $1B over the past 3 months. Assets held on the exchange also fell to just $96 million.
Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market.
This is the first time London-based Coinshares has posted a negative quarter since its market debut.