Coinbase Global reported its fifth consecutive quarter of losses, posting a loss of $79 million, much lower than the $430 million loss in the same period last year. Its total revenue was $772.5 million, 37% lower than Q1 2022, and its total trading volume fell to $145 billion, resulting in a 63% fall in total transaction revenue. Coinbase's regulatory issues continue with threats of SEC enforcement action and lawsuits. However, company stock surged almost 9% in after-hours trading, hitting $53.75 on May 4. Shares in Coinbase have gained 60% since the beginning of the year but remain down 84% from their peak price of $343 in November 2021.

(By Martin Young)