This came after second-quarter revenue sank 64% to $808.3 million.Ī spokesperson for declined to comment. That’s the lowest monthly total since January 2021 and is down from a high of $84.5 million in February, when the industry flooded the airwaves around the Super Bowl.Ĭoinbase, the only US publicly traded crypto exchange, said in a shareholder letter this month that it’s scaling back paid media. and FTX, fell to $36,000 in July in the US, according to ISpot. Spending by major crypto firms, including the trading platforms, Coinbase Global Inc. ICubesWire wins creative and digital mandate for LuLu Hypermarket Lucknow
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