Coinbase spent 5 years building a life raft away from Bitcoin and still managed to lose $359M

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AI Summary

Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359.5 million net loss under US accounting rules, the company's third consecutive losing quarter. Both numbers describe the same three months. Taken together, they get closer to the truth about […]
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