Coinbase Global's GAAP loss for 3 months of 2022 was $429.659 million, compared to a profit of $771.463 million in the previous year. Revenue fell 35.3% to $1.166 billion from $1.801 billion a year earlier.

Coinbase is in talks to buy Turkish cryptocurrency exchange BtcTurk, Webrazzi reported citing sources familiar with the matter. BtcTurk could be valued at $3.2 billion. Part of the amount could be paid in stock and the rest in cash, sources close to the companies added. If the deal goes through, Coinbase will make the largest purchase in its history.

Coinbase has launched a beta version of the NFT Marketplace for a limited number of customers who will be able to buy and sell NFTs without commission for now. Transaction fees will be introduced at a later date. Users can use any wallet for deposits, including Coinbase Wallet and MetaMask. At this stage, the site only supports Ethereum-based NFT and payment...

Coinbase Global's GAAP net income for 2021 was $3.624 billion, up 10.2 times from $0.322 billion in the previous year. Revenue increased 6.1 times to $7.839 billion from $1.278 billion a year earlier.