Page 36 - மந்தமான தொழில்நுட்பங்கள் இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Crypto boom has been good to Coinbase ahead of planned listing Crystal Tse, Bloomberg News VIDEO SIGN OUT Coinbase Global Inc. is the latest company that’s taking an unconventional route to becoming a public company. A look at the largest cryptocurrency exchange’s latest financial statements shows something else that sets it apart: It’s making money. About 85 per cent of the 130 companies that went public in the U.S. last year were unprofitable, according to data compiled by Bloomberg that excludes special purchase acquisition companies and real-estate investment trusts. Coinbase, which plans a direct listing rather than a traditional initial public offering, swung from a loss to a profit of US$322 million last year on net revenue that more than doubled to US$1.14 billion.

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