Coinbase CFO Says Bitcoin Retreat Is ‘Just Another Day in Crypto’
- Coinbase is seeing its expenses rise as trading volume goes up
- The company acknowledged memecoin activity on Base blockchain
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Coinbase Global Inc. Chief Financial Officer Alesia Haas defended the crypto exchange’s rising expenses and the volatility of the digital asset industry after the company’s stock fell despite reporting better-than-expected first quarter results.
“When we see high volumes, which we saw a sharp tick-up in volumes in March, we tend to then have a lagging effect to our customer support costs as we staff up those teams to address the queues that have resulted, so a little bit of that is spilling into Q2,” Haas said in an interview Friday with Bloomberg Television.