CryptoQuartzabout 2 hours ago
Coinbase Misses Revenue Estimates Amid Binance Hack
1 min read
Coinbase missed revenue estimates as a hack at rival exchange Binance rattled crypto markets. Bitcoin fell more than 4% to $77,994.96, while Binance estimated the hack's total impact at about $6.3 billion. Coinbase reported net income of $719 million, driven by a $715 million gain on crypto assets held for investment.
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