Riding Bitcoin Surge, Coinbase Active Users Grew by 117% in Q1 2021; Revenue Top

[Tanimariya]

Numbers published Tuesday ahead of a public listing next week show a profitable Coinbase capitalizing on the current market.
Cryptocurrency exchange Coinbase saw a whopping 117% quarter-over-quarter increase in monthly transacting users, the firm revealed Tuesday in its voluntary earnings report.

All those users helped Coinbase rake in $1.8 billion over the quarter, driving a net income of approximately $730 million to $800 million, according to a new filing that comes ahead of the company’s Nasdaq listing next week.
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