After the close of trading on the US stock exchanges, investors were given an insight into the business development of the world’s second largest crypto exchange Coinbase. In the fourth quarter, the EPS of the trading platform for Bitcoin, Ethereum and Co. was -2.46 US dollars. Analysts had forecast a loss of -$2.524 per share after Coinbase posted earnings per share of $3.32 in the year-ago period.
Coinbase’s fourth-quarter revenue collapsed to $888.7 million after the crypto exchange posted $2.5 billion in the same quarter last year. Analysts had estimated sales for the period at $587.8 million.
In terms of revenue, the crypto exchange had $3.149 billion on its books for the full fiscal year 2022. With this, Coinbase slightly beat analysts’ forecasts of $3.14 billion in revenue. In the 2021 fiscal year, the crypto trading platform had still turned over 7.355 billion US dollars.
Coinbase shares were down 1.24 percent at $61.30 in after-hours trading on the US NASDAQ stock exchange on Tuesday.
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