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Entrepreneur
Kurra Bewarse
Username: Entrepreneur

Post Number: 3647
Registered: 05-2011

Rating: N/A
Votes: 0

Posted on Wednesday, August 11, 2021 - 7:42 am:   

Coinbase profits surge following volatile stretch of cryptocurrency trading

In Q2, Coinbase brought in $2.23 billion of revenue vs. $1.78 billion expected by Refinitiv.
It also reported adjusted earnings per share of $3.45.

The company’s net profit for the quarter was $1.6 billion, up nearly 4,900% from a year earlier, following a volatile stretch of trading for cryptocurrencies.

The company reported that total trading volume diversified beyond bitcoin into ethereum and other crypto assets. Approximately 24% of the company’s total trading volume for the quarter was concentrated in bitcoin, down from 39% in Q1.

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