Crypto exchange Coinbase just reported its largest quarterly net loss of more than a billion dollars for the second quarter this year. The company attributed the staggering net loss to the fast and furious crypto market downturn, April which dragged the prices of popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) to their lowest levels so far this year. Net loss was $1.1 billion and was heavily impacted by non-cash impairment charges, Coinbase wrote in its second quarter 2022 Shareholder Letter on Tuesday. Absent non-cash impairment charges, net loss would have been $647….
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