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Coinbase is well known for charging fees higher than competitors. Even with those fees they still lost around 500 million dollars in 2022 operating their exchan
by godzillabrennus 4y ago
Coinbase is well known for charging fees higher than competitors. Even with those fees they still lost around 500 million dollars in 2022 operating their exchange.
- rswskg 4y agoI'm left wondering how they managed to lose that much?
- shapefrog 4y agoThe timing of great profit and loss for coinbase strongly suggest that they hold long crypto positions on their balance sheet.
- drexlspivey 4y agoThat’s not how income statements work..
- shapefrog 4y agoIt is how balance sheets work that have a "Crypto assets held" entry, if you then buy and sell said balance sheet entries the results show up in the income statement as profits and or losses.