Coinbase Loses $1.1 Billion in Second Quarter

Coinbase Loses $1.1 Billion in Second Quarter

Coinbase Global Inc. posted a $1.1 billion second-quarter loss and lower-than-expected revenue as the largest US cryptocurrency exchange was battered by tumbling digital-asset prices. Shares slid on the news after the close. Coinbase President and COO Emilie Choi speaks to Bloomberg’s Emily Chang.

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