Coinbase Posts Third-Quarter Profit as Crypto Trading Rebounds
Coinbase reported a quarterly profit of $718.7 million, or $2.51 per share, for the quarter ended September. The profit ended a three-quarter streak of losses as heightened digital-asset volatility boosted trading.
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08:29:38 PM UTC
SquawkNews
Cryptocurrency exchange Coinbase Global NASDAQ:COIN reported a quarterly profit on Thursday, snapping a three-quarter-long streak of losses, driven by lower operating expenses.Total operating expenses in the third quarter fell about 17% to $1.15 billion, compared with $1.39 billion for the same per…
Cryptocurrency exchange Coinbase Global NASDAQ:COIN reported a quarterly profit on Thursday, snapping a three-quarter streak of losses, as heightened volatility in digital asset markets boosted trading.The company reported a profit of $718.7 million, or $2.51 per share, for the quarter ended Septem…