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. |