_coinbase-reports-stellar-q1-performance-gaining-on-crypto-market-momentum.jpg "Coinbase Reports Stellar Q1 Performance, Gaining on Crypto Market Momentum from tcomn net Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:39
👁 View: 475K times
✓ Published: 04-May-2024
👁 View: 475K 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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_that-t-mobile-home-internet-feeling-124-2024-big-game-day-commercial-124-t-mobile-home-internet.webp "T-Mobile")
⏲ 1 minute 1 second 👁 28.5M
_beginners-tco-of-a-mobile-network.webp "3G4G")
_fcc-reverses-trump-era-decision-reinstates-net-neutrality-regulations-prohibiting-isps-from-prioritizing-traffic.webp "The US Federal Communications Commission voted to reinstate net neutrality regulations, reversing the 2017 decision under the Trump administration. Net neutrality rules prevent internet service providers like Comcast and Verizon from prioritizing some internet traffic over others. The new rules will again prohibit ISPs from charging users extra fees for prioritized access to content or blocking/slowing specific websites and apps. The FCC had previously ruled it had authority over broadband as an information service but courts found it lacked mandate to impose anti-discrimination rules on ISPs.")
⏲ 0:46 👁 1.6M
_tco-excel-orthopedic-surgery-amp-recovery.webp "Twin Cities Orthopedics")
_that-t-mobile-home-internet-feeling-124-2024-big-game-day-commercial-124-t-mobile-home-internet.jpg)
_beginners-tco-of-a-mobile-network.jpg)
_fcc-reverses-trump-era-decision-reinstates-net-neutrality-regulations-prohibiting-isps-from-prioritizing-traffic.jpg)
_tco-excel-orthopedic-surgery-amp-recovery.jpg)
![[+]](/images/menu.gif){kind=small}