What does Coinbase do well? "Coinbase reports $1.1 billion loss amid crypto winter"

SocialManager

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Headlines today reported that Coinbase had losses of over a billion dollars in the second quarter of 2022.



Coinbase finally launched its long-awaited NFT marketplace this year, and it was a complete disaster. It showed they have absolutely no understanding of what the market wants. Seemingly a total waste of money.

So what does Coinbase do well? Despite their reported losses, the stock price didn't take that much of a hit. I only use Coinbase to withdraw my money to PayPal. It doesn't even handle this well, with many bugs that often result in me getting stuck in a loop where it asks me to connect my PayPal account even though it is already connected. Surely the long-term (and I mean like 2 years) outlook for Coinbase has to be really bad, right?
 

Trust WorkShop

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It is crypto land which is not yet understood by any governments or authorities. Perhaps they've had profits, but clever enough to show that they've had losses.
 

PSTNET

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Headlines today reported that Coinbase had losses of over a billion dollars in the second quarter of 2022.



Coinbase finally launched its long-awaited NFT marketplace this year, and it was a complete disaster. It showed they have absolutely no understanding of what the market wants. Seemingly a total waste of money.

So what does Coinbase do well? Despite their reported losses, the stock price didn't take that much of a hit. I only use Coinbase to withdraw my money to PayPal. It doesn't even handle this well, with many bugs that often result in me getting stuck in a loop where it asks me to connect my PayPal account even though it is already connected. Surely the long-term (and I mean like 2 years) outlook for Coinbase has to be really bad, right?
Coinbase have done IPO very well -)
 

moonshine7000

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Crypto is down right now because debt is expensive from the FED.Try to save as much cash is possible
 

0xxi3

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Surely the long-term (and I mean like 2 years) outlook for Coinbase has to be really bad, right?
You have to correct me if I wrong but as far as I know Coinbase is the only crypto exchange on the stock market hence they're interesting as a means of investing into cryptocurrency (in the sens of it being an industry) without actually holding any crypto. It's the same logic as purchasing gold mining companies instead of holding gold certificates. That's what makes them so interesting and why their stock price might not necessarily correlate with their financials.
 
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