Bitcoin
Coinbase’s Haas Says ‘Just Another Day in Crypto’ After Stock Drop
Coinbase Global Inc. Chief Financial Officer Alesia Haas defended the cryptocurrency exchange’s rising expenses and volatility in the digital asset industry after the company’s shares fell despite reporting better-than-expected first-quarter results.
“When we see high volumes, which we saw a strong increase in volumes in March, we tend to have a delayed effect on our customer support costs as we recruit those teams to resolve the resulting queues, so some of that is shifting. spreading into the second quarter,” Haas said in an interview Friday with Bloomberg Television.