Coinbase reported fourth-quarter results that beat estimates. $COIN reported a quarterly net loss of $557 million, or $2.46 a share, compared with a profit of $840 million, or $3.32 a share, in the same quarter in 2021:
Coinbase Global Inc. on Tuesday reported fourth-quarter results that beat estimates, and said the crypto market had “improved” so far in the first quarter but that the rest of the year remained cloudy.
Analysts polled by FactSet expected Coinbase COIN, -4.80% to lose $2.52 a share, on revenue of $588 million. Still, D.A. Davidson analysts, in a research note last week, noted that U.S. regulators have begun clamping down more aggressively on crypto, following growing concerns about security and fraud.
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