Coinbase, a leading US-based crypto exchange, highlighted its demand for regulatory clarity from the US SEC in its just-published investor letter. The exchange also emphasized its continuous support to pro-crypto candidates in the upcoming election.
It noted that its major goal is to achieve regulatory clarity for crypto and will continue to contest the same in its lawsuit with the securities regulator.
Coinbase Disclose Q1 Results, Highlights Legal Case With The SEC
In its latest investor letter, published on Thursday, May 2, Coinbase disclosed its first quarterly results. Surprisingly, the exchange noted that its revenue for the quarter exceeded its expectations despite the dynamic nature of the crypto market.
Moreover, the launch of spot Bitcoin ETFs within the US contributed to the output.
As against its expected revenue of $1.34 billion, Coinbase recorded a staggering $1.64 in Q1 2024. Its total transaction revenue…
