- Coinbase (NASDAQ:COIN) has posted four consecutive quarterly losses since going public in April 2021.
- The collapses of multiple high-profile crypto-based companies, leading to regulatory pressure, were claimed to be at the heart of Coinbase’s poor performance.
- Coinbase performed better than expected in Q4 and improved upon its Q3 posting.
In its fourth-quarter earnings, released on Tuesday, February 20th, Coinbase addressed the impact of the ongoing bear market, listing high-profile bankruptcies and increased regulatory scrutiny as reasons for its fourth consecutive quarter of losses.
Source: Reuters
The collapse...