Coinbase’s Trading Revenue Soars, Q1 Net Profit Exceeds 1.1 Billion MOP, Crypto Assets Appreciate by 650 Million MOP
US compliant exchange Coinbase generated $1.6 billion in revenue in the first quarter of 2024, representing a 112% increase compared to the same period last year. Its net profit exceeded $1.1 billion. Additionally, Coinbase recognized $650 million in gains this quarter due to the appreciation of its invested cryptocurrency assets. The stock price remains stable above $200.
