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-0.000520935078465743 0.000520935078465928 -0.000390701308849214 0.00410236374291869 -0.0435631959367064 0.0345770658331706 0.0628052353975387 0.0613401054893535
Stock impact report

Coinbase CEO Brian Armstrong 'more bullish than ever' as company navigates latest crypto downturn [Yahoo! Finance Canada]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Coinbase Global ( COIN ) CEO Brian Armstrong sought to ease investor worries amid a major slide across the crypto markets and a brawl in Washington, D.C., that has dimmed hopes for another piece of landmark legislation to pass through Congress. "We've been through cycles like this many times at Coinbase, and adoption continues to grow. Regulatory clarity is on the horizon, and I'm more bullish than ever,” Armstrong said on the company's earnings call on Thursday. Armstrong's comments came after Coinbase reported its second-worst quarterly net loss ever , $667 million, due to a $718 million paper loss on its crypto investment portfolio. Excluding swings in its crypto holdings, Coinbase reported adjusted EBITDA of $566 million, a 56% drop compared to the prior year and $89 million below Wall Street forecasts. Coinbase's net revenue tallied $1.7 billion, down $487 million from the same period a year ago. "There are opportunities in every market, whether it's up and down," Armstron Show less Read more
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