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.
