Coinbase to Seek Dismissal of SEC Lawsuit Today
posted 4 Aug 2023
During its second-quarter 2023 earnings call on August 3, Coinbase’s Chief Legal Officer, Paul Grewal, expressed confidence that the exchange would win the court case, stating, “We do think we can win. We expect to win.”In terms of their financial performance:Coinbase reported a net loss of $97 million on $708 million in revenue for the second quarter of 2023.Trading volume fell by 37%, and operating expenses were down nearly 50% year over year, partly due to a 30% reduction in headcount.
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