Commentary on Coinbase’s Q2’22 Earnings


August 10, 2022, 7:58AM EDT

• 7 min read

Track live crypto price of 10000+ coins!


Quick Take

  • Trading closed down  (11%) at $87.68 / share and slumped another (5%) to 82.90 / share in afterhours trading 
  • Reported $808mm total revenue, ($4.95) EPS, $217bn Trading Volume and ($1.1bn) Net Income

  • +48% rally last week from Coinbase x Blackrock partnership announcement 

  • June 14, 2022 announced internal restructuring plan 

  • 1,100 FTE dismissals, an (18%) company wide reduction in FTE count as of June 10, 2022

  • June 2022 indictment against former Coinbase Product Manager Ishah Wahi and related parties for front running digital assets

  • August 2022 lawsuits launched against Coinbase regarding business practices and disclosure surrounding digital assets requiring Security & Exchange Commission (SEC) registration as securities

Related:  Terra Luna Classic Enjoys Hefty Uptick As Binance Introduces Incredible LUNC Burn Mechanism ⋆ MAXBIT

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: