Coinbase shares fell after the U.S. crypto exchange posted a $394.1 million net loss for Q1 2026.
Summary
- Coinbase posted a $394.1 million Q1 loss as transaction revenue fell sharply from last year.
- Shares dropped after hours as revenue missed expectations and trading activity weakened across crypto markets.
- Management pointed to derivatives, prediction markets, USDC, and Base as its longer-term growth areas now.
The result marked its second straight quarterly loss and reversed a $65.6 million profit from the same period last year.
Google Finance showed COIN closing at $192.96, down 2.53%, before falling another 4.70% to $183.90 after hours. The move followed a…
