Coinbase is already feeling the chill from plunging crypto prices. But the exchange isn’t planning on going into hibernation during the next crypto winter.
The company reported a drop in users and revenue in the first quarter, and said it expects that trend to continue in the current period as slides in token prices have traders heading for the sidelines. Its stock price plunged on Wednesday to set fresh record lows. But Coinbase also sees a big opportunity to continue building out its business.