Coinbase Bears the Bite of Crypto Winter
The largest U.S. crypto exchange blames the broader market slump for a whopping quarterly loss.
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Show Notes
Coinbase lost $1.1 billion during the three months ended June 30, more hard evidence that the broader turn away from risk assets has taken a major toll on the emerging crypto industry. At the top of today’s Real Vision Crypto Daily Briefing, Nico Brugge and Ash Bennington break down what Coinbase’s second-quarter financial and operating numbers mean for the company and for the crypto industry as a whole. Nico and Ash also talk about a deal between FTX and Reddit to simplify crypto use for the social network’s community and the good news of one of the top DeFi platforms repelling an attack that used a domain exploit. In today’s main segment, Nico and Ash discuss highlights from an interview with Robert Sharratt, the founder and CEO of Fluid Finance, including the observation that many of so-called DeFi platforms were actually TradFi "wolves in the sheep skin." Send us your questions in the chat!
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