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markets crypto

Coinbase Warns of Slowdown After Revenue, Profit Surge

By
Aidan Ryan
· · Source: The Information

Coinbase said late Thursday that revenue rose 327% in the fourth quarter, to $2.5 billion, as trading volume and users shot up. The crypto exchange also posted a net income of $840 million during the quarter, up 375% from a year ago. But the company warned that a drop in the prices of crypto currencies would reduce trading this quarter. Shares slipped 4% after hours. For the three months ended...

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