Crypto World News, U.S. cryptocurrency exchange Coinbase reported a net loss of approximately $394 million in the first quarter of 2026, compared to a net income of $66 million in the same period last year. The company's revenue declined by 31% year-over-year, dropping to $1.41 billion, and also experienced a 20% decrease in the previous quarter, indicating an overall slowdown in trading activity. Coinbase recently announced plans to lay off about 14% of its staff, with restructuring costs expected to reach $60 million. Management is working to control expenses, while revenue remains closely tied to market cycles.

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