Coinbase Expects More Pain Ahead
Coinbase Global (NASDAQ: COIN), the cryptocurrency exchange platform, had a bumpy ride over the last 12 months. Once worth more than $80 billion in market capitalization, the fintech has lost more than 80% of its value.
To make things worse, the company announced its first-quarter results for 2022 on May 10, 2022, which failed to meet Wall Street expectations. And despite its recent woes, there are good reasons to expect more challenges ahead for the exchange operator.
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Source Fool.com
