https://techcrunch.com/2022/08/10/5-takeaways-from-coinbases-disappointing-q2-results/

Shares of U.S. crypto exchange Coinbase teetered this morning after its second-quarter results missed both top- and bottom-line expectations, off more than 5% in pre-market trading then jumping as much as 7% after markets opened.

The company, once hugely profitable in the wake of its 2021 direct listing thanks to a run in crypto-related trading activities, is now working to limit costs and brave the ongoing “winter” in its market and stick to prior profitability targets for the full year.