Coinbase Crypto Exchange Posts Smaller Quarterly Loss After Costs Cuts

Coinbase Crypto Exchange Posts Smaller Quarterly Loss After Costs Cuts

Cryptocurrency exchange Coinbase Global posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources, sending its shares up 7 percent in extended trading on Thursday. The company has benefited from its deal for One River Digital Asset Management to ramp up product offerings…