Awesome! Coinbase, the largest coin exchange in the US Shows results for the first quarter of 2024 Profit and income exceeded the target Due to the high price of cryptocurrencies, it attracts small investors. Shows that customer transaction revenue nearly doubles from last quarter
Coinbase Global Inc. reported that 1Q24 revenue and earnings exceeded expectations, with revenue rising to $1.58 billion (+72% QoQ), beating expectations analysis of $ 1.32 billion.
Net profit was $1.17 billion. This compares to a loss of $79 million in 1Q23 and marks the second straight quarter of profits since 4Q23, after posting losses for 7 consecutive quarters during the crypto winter.
Net profits were driven by a pre-tax profit of $737 million from market-based revaluation of crypto assets.
1Q24 customer transaction revenue nearly doubled from 4Q23 to $1.07 billion. Most of them come from retail customers. while institutional clients account for the largest proportion of trading volume.
Coinbase reveals April This is the first month of Q2, and it has seen more than $300 million in transaction revenue, but “it is still advised to be careful. ” In anticipation of these results, subscription and services revenue is expected to be $525-$600 million in 2Q24.
2024-05-05 11:15:00
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