On August 9th after market hours, Coinbase reported earnings for Q2 2022 and greatly disappointed against analyst consensus estimates.Coinbase results missed both with regards to revenue and earnings expectations.Crashing crypto prices caused Coinbase's revenues to plummet by more than 60% as compared to the same quarter in 2021.Unsurprisingly, following the announcement, Coinbase stock crashed by as much as 10% (reference extended trading hours).Reflecting on the challenging macro environment, especially for crypto-related assets, I believe investors should avoid investing in Coinbase.ThesisOn August 9th after market hours, Coinbase (COIN) reported earnings for the second quarter 2022 and greatly disappointed against analyst consensus estimates, both with regards to revenues and earnings. Crashing crypto prices caused Coinbase’s revenues to plummet by more than 60% as compared to the same quarter in 2021 and net-income dropped by almost $3 billion to a loss of $1.6 billion for the quarter. Unsurprisingly, following the announcement, Coinbase stock crashed by as much as 10% (reference extended trading hours).Reflecting on the very challenging macro environment, especially for Crypto-related assets, I believe investors should avoid investing in Coinbase.Seeking AlphaCoinbase June QuarterDuring the period from April to end of June, Coinbase generated total revenues of $802 million, versus $832 million expected by analyst consens...