Reported 2 months ago
Coinbase Global achieved its third consecutive quarterly profit with a net income of $36 million, despite a drop in cryptocurrency prices during Q2. Total revenue exceeded $1.4 billion, a significant increase from the previous year. The company benefited from increased transaction fees and subscription services, while also facing challenges, including an impairment on digital assets and ongoing regulatory issues. Despite falling stock prices, Coinbase remains optimistic about future revenue growth.
Source: YAHOO