16 min listen
What Will Coinbase’s Earnings Call Reveal?
FromBloomberg Crypto
ratings:
Length:
17 minutes
Released:
Jan 25, 2023
Format:
Podcast episode
Description
The end of Sam Bankman-Fried’s empire created a contagion effect especially felt by crypto exchanges, like publicly-traded Coinbase. In early January, the exchange settled with New York regulators who accused it of “significant” compliance program failings.
Coinbase agreed to pay a $50 million dollar fine and set aside $50 million more to improve its compliance practices.
Ahead of its earnings report, CEO Brian Armstrong says Coinbase revenue will likely drop by half or more this year. And the picture may be equally dim for other global exchanges.
Crypto senior editors Philip Lagerkranser and Anna Irrera are joined by Bloomberg reporter Yueqi Yang to talk through the latest.
Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletterSee omnystudio.com/listener for privacy information.
Coinbase agreed to pay a $50 million dollar fine and set aside $50 million more to improve its compliance practices.
Ahead of its earnings report, CEO Brian Armstrong says Coinbase revenue will likely drop by half or more this year. And the picture may be equally dim for other global exchanges.
Crypto senior editors Philip Lagerkranser and Anna Irrera are joined by Bloomberg reporter Yueqi Yang to talk through the latest.
Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletterSee omnystudio.com/listener for privacy information.
Released:
Jan 25, 2023
Format:
Podcast episode
Titles in the series (100)
Why Bitcoin Trades Like A Stock by Bloomberg Crypto