Coinbase posts steep first-quarter loss after slide in crypto prices, shares fall 4%

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Coinbase posted lower-than-expected results for the first quarter as crypto prices fell, weighing on one of the companies’ major revenue drivers — spot trading in digital assets .

Here’s how Coinbase

performed in its quarter ended March 31, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Coinbase shares were recently down 4% in postmarket trading.