May 18, 2023 / 02:15PM GMT
Benjamin Elliot Budish - Barclays Bank PLC, Research Division - Research Analyst
Hi, everybody. Welcome to our next session. I'm Ben Budish, I'm Barclays' analyst covering the brokers, asset managers and exchanges segment. And with us on this fireside sachet, we've got Alesia Haas, CFO of Coinbase. Alesia, thanks so much for being with us.
Alesia Jeanne Haas - Coinbase Global, Inc. - CFO
Thanks for having me.
Questions and Answers:
Benjamin Elliot Budish - Barclays Bank PLC, Research Division - Research AnalystI'd like to start off with some of the surprises that we kind of got in the last earnings call, one of which was kind of the ongoing OpEx management. During the quarter itself, you guys have been pretty handy in terms of your margins. But lately, I'm thinking kind of high level here, you and Brian have been sort of talking more and more about the philosophical switch from profitable across cycles to profitable in all market conditions. Can you maybe talk about that a little bit? And I think investors are