Coinbase Global (NASDAQ: $COIN) has reported a big loss due to crypto prices that remained volatile throughout this year’s first quarter. 

The cryptocurrency exchange announced an earnings per share (EPS) loss of -$1.49 U.S. versus a loss of -$0.27 U.S. that had been expected on Wall Street.

Revenue also came up short as Coinbase posted sales of $1.41 billion U.S. in this year’s first quarter compared to $1.52 billion U.S. that was the consensus expectation of analysts. 

More From Cryptoprowl:

Management at Coinbase blamed the poor results on a difficult start to the year, noting that Bitcoin’s (CRYPTO: $BTC) price fell to nearly $60,000 U.S. in…