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Representation of a smartphone and cryptos with a coinbase logo was posted on this photo on June 8, 2023.
Ruvic History | Reuters
Siknbase The shares come first quarter, despite the growth of Stablecoin’s revenue, the expectations of Wall Street were shy.
In the quarter of March 31, in the quarter, the coin base won $ 65.6 million or 24 kopecks per share, a $ 24 kopeck in a $ 4.40. Except for the impact of Crypto investments, Coinbase’s corrected earnings were $ 527 million or $ 1.94 per share.
The revenue rose to $ 2.03 billion a year ago, but was embarrassed from LSEG to $ 2.12 billion consensus.
1.26 billion dollars in the neighborhood, subscriptions and quarters in the quarter and the revenues came $ 698.1 million.
The company, which operates the largest Kryptocurrence market in the United States, decreased by $ 78.1 billion in the fourth quarter. At the end of last year, the volume rose to the President Donald Trump and hoped to bring a more favorable regulatory environment.
The volume of institutional trade decreased from the fourth quarter to 95 billion dollars.
In the first quarter, on January 20, a few positive developments were made for cryptocurrency, including altitude for Bitcoin. However, concerns about Trump’s tariff policy in April, this caused many variability for risky assets such as crypto.
Coinbase said in April in April, $ 240 million in operating income.
Coinbase for the second quarter, waits for $ 680 million to $ 600 million, and waiting for service revenues.
According to the company, in the second quarter, the factory is likely to be more likely than the offset, instead of the offset price, due to low decline prices due to probable prices.
Previously announced on Thursday, Coinbase Plans to get the derby in DubaiA large crypto derivatives are $ 2.9 billion. The biggest deal in the Crypto industry will help expand Coinbase’s footnotes outside the US
In the first quarter, Coinbase said that his derivatives continue to increase the market share.
Coinbase shares decreased by 2% in extended trade. Shares earned by 5% on Thursday session but decreases about 17% to date.
Read Coinbase full Here’s a stock letter.
