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Reading: Coinbase Profit Surges During Bitcoin’s Wild Rally and Selloff
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The Wall Street Publication > Blog > Tech > Coinbase Profit Surges During Bitcoin’s Wild Rally and Selloff
Tech

Coinbase Profit Surges During Bitcoin’s Wild Rally and Selloff

Editorial Board Published February 24, 2022
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Coinbase Profit Surges During Bitcoin’s Wild Rally and Selloff
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Coinbase Global Inc.’s fourth-quarter income more than quadrupled as the largest U.S. cryptocurrency exchange benefited from a manic quarter that saw bitcoin set a record before dropping sharply.

For the fourth quarter, Coinbase had net income of $840 million, or $3.32 per diluted share, on net revenue of $2.5 billion, the company said Thursday, compared with earnings of $177 million on net revenue of $497 million a year earlier.

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