Coinbase misses on top and bottom line in first earnings report as a public company

search May 13, 2021 Yahoo News Leave a comment 26 Views

Coinbase (COIN), the largest cryptocurrency exchange in the U.S., missed analysts’ expectations on the top and bottom line in its Q1 2021 earnings report, its first ever as a public company.

Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York's Times Square, Wednesday, April 14, 2021. Wall Street will be focused on Coinbase Wednesday with the digital currency exchange becoming a publicly traded company. (AP Photo/Richard Drew)

Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York’s Times Square, April 14, 2021. (AP Photo/Richard Drew)

The company’s stock was down more than 3% following the announcement.

“Our strong Q1 2021 results reflect the strength…


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