Coinbase Swings to Profit With $719 Million Third-Quarter Profit
Coinbase Global reported third-quarter profit of $719 million, or $2.51 a share, after three consecutive quarterly losses. The company attributed the return to profit to a rebound in bitcoin and broader digital-asset prices from July through September.
By Vicky Ge HuangCoinbase Global swung to a profit in the third quarter after a three-quarter losing streak, driven by a rebound in bitcoin and broader digital-asset prices between July and September.The largest crypto exchange in the U.S. on Thursday posted a profit of $719 million, or $2.51 a sha…