Coinbase, a compliant exchange in the United States, generated $1.6 billion in revenue in the first quarter of 2024, representing a 112% increase compared to the same period last year. The net profit exceeded $1.1 billion. Additionally, Coinbase realized a $650 million gain in this quarter due to the appreciation of its investment holdings in cryptocurrencies. The stock price has remained stable above $200.
Coinbase's Trading Revenue Soars, Q1 Net Profit Exceeds 1.1 Billion Pounds, Cryptocurrency Assets Appreciate by 650 Million Pounds