Coinbase, one of the leading cryptocurrency exchanges, has reported impressive results for the first quarter of 2023. The company’s efforts toward building a more efficient and financially disciplined business have started to pay off. Despite a net loss of $79 million, Coinbase returned to positive Adjusted EBITDA, earnings before interests, taxes, and amortization, of $284 million, indicating a significant improvement in its financial metrics. According to Coinbase’s first quarter report, the company reduced costs and doubled down on operational excellence and risk management. These efforts resulted in a 22% Q/Q growth in net revenue and a 24% Q/Q decline in
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Author: coinmaker