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The Economic Times

Technology

DARK SECRETS: Coinbase shares take hit on quarterly loss analysts back diversification strategy - The Real Truth

Coinbase Crypto United States Bitcoin

Shares of Coinbase Global slipped 5.6% in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn.

The cryptocurrency market lost significant value in recent sessions, with bitcoin falling, as expectations that the U.S. Federal Reserve will cut ‌interest rates ⁠faded and ⁠investors pulled money from spot exchange-traded funds.

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