Coinbase Rockets On Profit

Posted on 02/16/2024

As the price of bitcoin nears US$ 52,000, the largest publicly-traded crypto exchange Coinbase Global, Inc. is having spikes of its own. Coinbase is seeing levels it hasn’t since early 2022. The stock jumped 8.84% on the day after news that revenue climbed to US$ 953.8 million. Analysts expected only US$ 826 million. Trading volume surpassed US$ 150 billion and net income weighed in at over $275 million.

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