Coinbase Financial Overview for 2022 • Total trading volume decline by 50% year-over-year. • Transaction revenue fell 66% from 2021 to 2022. • Net full-year revenue dropped from $7.4 billion in 2021 to $3.1 billion in 2022. Key Factors Affecting Coinbase’s Performance The crypto market suffered major losses due to the collapse of key exchanges …
Coinbase Sees 66% Drop in Transaction Revenue, Remains Resilient Weiterlesen »
• DBS Bank, based in Singapore, is planning to apply for a crypto license in Hong Kong. • The bank intends to offer its digital asset services to customers residing in Hong Kong once they have secured the license. • Paul Chan, Financial Secretary of Hong Kong, said that the crypto regulation would likely be …
DBS Bank Seeks Hong Kong Crypto License: Get Ready for Adoption! Weiterlesen »
• Digital Currency Group (DCG) has sold some of its Grayscale crypto trust shares to raise around $22 million. • DCG is reportedly facing financial difficulties due to the bankruptcy of its trading arm, Genesis, and owes over $3 billion to creditors. • The firm has been selling assets from its $500 million portfolio, including …
DCG Sells $22M of Grayscale Shares: Funds Raised to Support Bankrupt Subsidiary Weiterlesen »