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Coinbase Reports Huge Increase in Revenue, Profits for Q1

By Martin Peers
· · Source: The Information

Coinbase’s first quarter numbers signaled why next week’s public debut is likely to be a blockbuster. Coinbase said it expects to report revenue of $1.8 billion, up nearly 10 times the year-earlier quarter. Coinbase expects net income of between $730 million and $800 million, a massive increase on the roughly $32 million the company reported a year earlier. Trading volume hit $335 billion, up...

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