The Coinbase share continues to slide after the earnings report

The largest cryptocurrency exchange in the United States said it was bleeding users, reflecting continued destruction in the crypto market and investors’ concerns about risky assets.

Coinbase Global Inc. said on Tuesday that it lost hundreds of millions of dollars in the first quarter, leading to the stock falling after trading hours. According to the aftermarket report, the shares traded around 61 dollars – far from 381 dollars where the share opened trading when it was listed on the stock exchange a little over a year ago.

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