Coinbase's Q1 earnings jump to $1.6 billion as transaction rev | Trade Crypto Now

Coinbase's Q1 earnings jump to $1.6 billion as transaction revenue soars

Coinbase had a bumper first quarter, reporting $1.6 billion in revenue, an increase of 72% from the previous quarter, the company said after today's closing bell. The company also reported a huge swing in net income, registering of $1.18 billion for the quarter, compared to a loss of $79 million in the same period of last year. Coinbase also generated $1.01 billion in EBITDA. Earnings of $4.04 per share beat the consensus estimate of $1.15 per share, according to MarketWatch data.

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