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Coinbase just posted the kind of earnings report that makes two groups of people sweat at the same time.
The first group is obvious, COIN shareholders who saw the company swing into a loss while crypto prices and activity cooled. Coinbase reported about revenue of roughly $1.78B for the quarter and a loss of -$2.49 per share, when analysts were looking for a profit.
Inside Coinbase’s own materials, the story looks like a business still producing cash, but taking a real hit on the bottom line, with a…
