2024

United

when

Coin

<ul class="news-points">
 <li>Coinbase reported a total revenue of $1.64 billion with a net income of $1.18 billion.</li>
 <li>The company also reported consumer transaction revenue of $935 million.</li>
 <li>Subscription and service revenue contributed $511 million for Q1, 2024.</li>
</ul>
Coinbase, the largest digital asset trading platform in the United States by trading volume, reported net income of $1.18 billion, or $4.40 per share, compared to a year-ago loss of $78.9 million, or 34 cents a share.&nbsp;
On the other hand, the company reported its first profit in two years in February, when the price of Bitcoin (BTC) started to climb. The notable increase in net income was partly attributed to a $650 million mark-to-market gain on crypto assets held for investment, following the adoption of updated accounting standards by the company.
In terms of revenue, Coinbase saw a substantial surge in consumer transaction revenue, reaching $935 million for the quarter, more than doubling from the same period last year, according to<a href="https://www.cnbc.com/2024/05/02/coinbase-coin-earnings-q1-2024.html" target="_blank" rel="noopener noreferrer nofollow"> CNBC</a>. Total transaction revenue nearly tripled to $1.08 billion, with subscription and services revenue contributing $511 million for the quarter.
Investors reacted positively to the news, with …
The post <a href="https://coinedition.com/coinbase-posts-1-18b-in-net-income-for-first-quarter-of-2024/" rel="noopener noreferrer nofollow">Coinbase Posts $1.18B in Net Income for First Quarter of 2024</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Coinbase Posts $1.18B in Net Income for First Quarter of 2024

Coin Edition

2024년 5월 3일에 게재된 다른 기사

Penguiana Presale Goes Live With Almost 300 SOL Raised In 2 Hours

Friend.tech Community Stirred by Launch of New Token and V2: A Deep Dive into Crypto Evolution

Senators Call for Restrictions on Facial Recognition Technology in Airports

Block to Invest 10% of Bitcoin Profits into BTC Monthly

Tether Partners With Chainalysis to Monitor Transactions and Combat Illicit Activity

ZKasino scam suspect arrested, $12.2M seized by Dutch authorities

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!