![]() Total quarterly Trading Volume increased nearly 8x, from $28 billion to $217 billionĪssets on Platform increased nearly 4x, from $26 billion to $96 billion Monthly Transacting Users have grown nearly 6x, from 1.5 million to 9.0 million Verified Users have nearly tripled from 36 million to 103 million Bitcoin trades at around $23000, a little down over 24-hour price.Īlso Read: Magic Empire Global stock price goes up by 6,149% before crashing 95% from its highĬoinbase performance comparing Q2’22 to Q2’20 – In this period Bitcoin prices started to increase just ahead of the most recent bull market: Bitcoin market capitalization has declined 74% from the most recent peak in November 2021 to the lows in June 2022.Ī good thing about Coinbase assets is that a recent blockchain industry analysis highlighted that worldwide long-term BTC holders (those holding BTC for more than six months) are holding nearly 77% of the total BTC supply, indicating they are not selling into market volatility. The crypto market capitalization has declined by $1.3 trillion or nearly 60% in Q2. Overall, the net loss was $1.1 billion and was heavily impacted by non-cash impairment charges. In addition, we had $428 million of crypto assets.Īlso Read: US stock market looking for direction post-July 2022 CPI data ![]() At the end of Q2, we had $6.2 billion in total $USD resources. Q2 was a tough quarter, with trading volume and transaction revenue each down by 30% and 35% sequentially, respectively. ![]() The total operating expenses were $1.9 billion, up 8% compared to Q1. The net revenue was $803 million, down 31% compared to Q1, driven by lower trading volume. Govt releases FAQs on tax collection at source (TCS) on foreign remittance
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