Coinbase published its financial results for the first quarter of 2022. It shows that the company pulled in $1.17 billion in revenue, below analysts' Q1 predictions of $1.5 billion. The net loss, which is the first time for Coinbase since it's been a public company, is $430m. Besides, the number of monthly transacting users dropped from 11.4m last quarter to 9.2m in Q1.
