Coinbase revenue soars by 72% to $1.6 billion, smashing analysts' predictions – Fortune
The largest U.S. cryptocurrency exchange had first-quarter revenue of $1.6 billion, a 72% increase from the previous quarter. Coinbase’s reported net income was $1.18 billion (or ($4.40 per share), driven by increased trading thanks to broader crypto market gains and favorable changes in crypto accounting rules. Consumer transaction revenue doubled from the previous quarter to […]