Wu Blockchain (@WuBlockchain): Coinbase Reports $394 Million Net Loss as Q1 Revenue Falls 31%

Coinbase Reports $394 Million Net Loss as Q1 Revenue Falls 31% According to Bloomberg, Coinbase reported a net loss of approximately $394 million in the first quarter of 2026, compared with net income of $66 million a year earlier. Revenue fell 31% year-over-year to $1.41 billion, following a 20% decline in the previous quarter, as weaker crypto prices and lower trading activity weighed on results. Coinbase recently announced plans to cut about 14% of its workforce, with restructuring costs expected to reach up to $60 million. Bloomberg also noted that Morgan Stanley has launched lower-fee crypto trading on its E*Trade platform, potentially increasing competitive pressure on crypto exchanges. https://x.com/business/status/2052488657076969702?s=20