Coinbase International Inc. reported a surprisingly massive second consecutive quarter of losses, pushed by the crypto market’s spring meltdown.
Coinbase misplaced $1.1 billion, or $4.98 a share, within the second quarter, the corporate stated Tuesday, in contrast with a revenue of $1.6 billion, or $6.42 a share, a yr in the past. Income fell to $808 million from $2.2 billion a yr in the past.
