Coinbase revenue soars by 72% to $1.6 billion, smashing analysts’ predictions
The largest U.S. cryptocurrency exchange posted first-quarter revenue of $1.6 billion, a 72% increase quarter on quarter. Reported net income for Coinbase was $1.18 billion (or $4.40 per share) and was fueled by a boost in transactions, thanks to the wider crypto market’s upswing, and by a favorable change to crypto accounting rules. Consumer transaction
