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Coinbase profit spikes amid volatile crypto market
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Coinbase’s fourth-quarter income more than quadrupled as the largest US cryptocurrency exchange benefited from a manic quarter that saw bitcoin set a record before dropping sharply.
For the fourth quarter, Coinbase had net income of $840m, or $3.32 per diluted share, on net revenue of $2.5bn, the company said on 24 February, compared with earnings of $177m on net revenue of $497 million a year earlier.
Analysts...
Read more on fnlondon.comAbout this in other media
Crypto Market Tries to Recover With Ukraine Negotiations in Focus; Gold & Commodities Rise cryptonews.com /2 years ago
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Coinbase proposes crypto tech to promote global sanctions compliance cointelegraph.com /2 years ago
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