Coinbase Posts Strong Earnings Despite Dogecoin Trading Miss
Coinbase Posts Strong Earnings Despite Dogecoin Trading Miss Coinbase, the first publicly-listed crypto exchange, has published its Q1 2021 earnings report. The largest US crypto exchange’s net profit for Q1 2021 surpassed $771 million, up fourfold from Q4 2020’s number of $177 million. Revenue stood at $1.8 billion, beating the previous quarter’s $585 million. Alongside from the earnings figures, Coinbase also reported verified active users had risen to 56 million, up from 43 million the previous quarter. In addition its monthly transacting users (MTUs) more than doubled from 2.8 milli...
Source: insidebitcoins.com