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crypto

Coinbase Revenue Drop Cushioned By Interest Income

By
Aidan Ryan
· · Source: The Information

Coinbase’s revenue dropped 55% in the third quarter to $590 million versus the same period last year as trading volume on the crypto exchange slowed dramatically. But similar to Robinhood, which reported earnings on Wednesday, Coinbase posted significantly higher revenue from interest income, thanks to Federal Reserve interest rates hikes over the past year. Coinbase shares had closed down 8%...

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