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Coinbase Misses Revenue Target as Users Decline

Original: Coinbase Misses Revenue Target as Users Decline and CEO Plans Share Sales Coinbase missed revenue estimates as users fel

Coinbase reported revenue below analyst estimates, with the number of active users falling. The company also disclosed that its CEO plans to sell shares. The results add to pressure on major crypto exchanges, coming alongside news of a significant security breach at rival Binance. The combination of weak user growth, insider share sales and industry-wide security concerns has drawn attention to the state of the crypto trading business.

Why now: Investors and the crypto community are reacting to a batch of bad news for major exchanges hitting at once.

CoinbaseBinance

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Evidence

• Coinbase Misses Revenue Target as Users Decline and CEO Plans Share Sales Coinbase missed revenue estimates as users fell, while its CEO planned share sales and Binance reported a major security breach. https:// newisty.com/blog/coinbase-miss… · newisty

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