In the last quarter, Coinbase received a net profit of $273 million. For the year, the figure amounted to $95 million with total income of $3.1 billion. The company reported this in a letter to investors, writes ForkLog.
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- Earnings per share: $1.04 (expected $0.01) Revenue: $954 million (est. $818.9 million)
After publication report, Coinbase shares are growing – at the time of writing the news, the increase for the day is almost 16%. During the year, the securities grew by 191%.
Recall that Coinbase acted as a custodian for almost all spot bitcoin exchange-traded funds that received SEC approval in January. Against the backdrop of a multibillion-dollar influx of funds through ETFs, JPMorgan raised its exchange rating from “below market average” to “neutral.”
