Crypto giant coinbase is expected to report a loss of almost $600 million in Q4
to deliver a tough blow to investors with its Q4 report, revealing a staggering loss of nearly $600 million. This would be its fourth consecutive quarter of revenue decline.
Coinbase's reliance on trading fees has been its Achilles' heel, forcing the company to explore new revenue streams in a bid to weather the regulatory storm. Furthermore, increasing regulatory headwinds have left analysts wary, with regulators ramping up scrutiny on digital assets since the collapse of rival exchange FTX in November. Federal agencies have accelerated a crackdown on crypto companies, products, and services in recent weeks, which has exacerbated the uncertainty.
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