_coinbase-reports-stellar-q1-performance-gaining-on-crypto-market-momentum.jpg "Coinbase Reports Stellar Q1 Performance, Gaining on Crypto Market Momentum from phimmoi net tap 5 sieu nhan gao gao rangers hyakujuu sentai gaoranger 2001 thuyetminh 360p1 Video Screenshot Preview")
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⏲ Duration: 0:39
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✓ Published: 04-May-2024
👁 View: 580K times
✓ Published: 04-May-2024
Description:
Coinbase reported revenue of more than $1.6 billion for the first quarter, beating analyst estimates. Net income was over $1.1 billion, compared to a loss in the prior year. Transaction revenue nearly tripled year-over-year to over $1 billion, driven by a surge in cryptocurrency trading amid the bitcoin rally. New Bitcoin highs and Ethereum's network upgrade drove increased demand for Coinbase's trading platform. Institutional investment in crypto also grew. Four Coinbase executives collectively sold over $380 million in company stock during the quarter, more than double the prior quarter's sales.
Coinbase reported revenue of more than $1.6 billion for the first quarter, beating analyst estimates. Net income was over $1.1 billion, compared to a loss in the prior year. Transaction revenue nearly tripled year-over-year to over $1 billion, driven by a surge in cryptocurrency trading amid the bitcoin rally. New Bitcoin highs and Ethereum's network upgrade drove increased demand for Coinbase's trading platform. Institutional investment in crypto also grew. Four Coinbase executives collectively sold over $380 million in company stock during the quarter, more than double the prior quarter's sales.
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