Coinbase Surpasses Q4 Profits Forecasts Despite Declining Transaction Volume
Key Points:Coinbase is a cryptocurrency exchange located in the United States. It exceeded revenue projections for its fourth quarter 2022, but saw a steady fall in transaction volumes.
Coinbase attributed Coinbase’s 34% increase in subscriptions and service revenues to the quarter’s 5% overall growth, despite a 12% decrease in transaction volumes compared to the previous quarter.
The Securities and Exchange Commission is currently investigating the exchange’s staking programs. Similar to the investigation that led to Kraken’s $30 million settlement with SEC, this investigation is now underway.
Coinbase, a peer cryptocurrency exchange, reached a $30 million settlement with the Securities and Exchange Commission (SEC). This investigation is similar to that that led to Kraken, a peer cryptocurrency exchange, reaching a revenue projection for the fourth quarter 2022. This investigation is similar in nature to the one that led Kraken, a peer cryptocurrency trading platform, to a $30 million settlement with SEC. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: CoinbaseCryptocurrency exchangeSECSecurities and Exchange Commission