Coinbase Stumbles: Q1 Earnings Miss as Crypto Winter Chills Trading Volumes
Wall Street’s golden child trips on its own hype—trading revenue tanks 10% amid market chaos. Analysts scramble to downgrade while retail traders nurse their bags.
Behind the numbers: Institutional players fled volatile markets, leaving Coinbase’s fee machine sputtering. ’Diversification’ now means begging regulators for ETF approvals.
The kicker? Execs still cashed out seven-figure stock packages before the earnings call. Some things never change in crypto-land.