Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Galaxy on April 07, 2021, 02:23:55 PM
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Coinbase in Q1 2021 had its best quarter in the company's history by far. The news will likely boost the price of its shares on its April 14 direct listing.
Coinbase announced its 2021 first quarter earnings on Tuesday, revealing that the crypto giant made a profit of between $730 million and $800 million on revenue of approximately $1.8 billion. The results amounted to a blockbuster quarter for Coinbase, eclipsing its performance for the entire previous year.
The results, which noted that Coinbase's monthly active user base has grown to 6.1 million, are also likely to boost the buzz surrounding the company's imminent direct listing on the Nasdaq, just eight days away.
Source: https://decrypt.co/64108/coinbase-blowout-q1-profit-days-ahead-of-april-14-direct-listing