_coinbase-reports-stellar-q1-performance-gaining-on-crypto-market-momentum.jpg "Coinbase Reports Stellar Q1 Performance, Gaining on Crypto Market Momentum from first night in india Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:39
👁 View: 570K times
✓ Published: 04-May-2024
👁 View: 570K times
✓ Published: 04-May-2024
Description:
Coinbase reported revenue of more than $1.6 billion for the first quarter, beating analyst estimates. Net income was over $1.1 billion, compared to a loss in the prior year. Transaction revenue nearly tripled year-over-year to over $1 billion, driven by a surge in cryptocurrency trading amid the bitcoin rally. New Bitcoin highs and Ethereum's network upgrade drove increased demand for Coinbase's trading platform. Institutional investment in crypto also grew. Four Coinbase executives collectively sold over $380 million in company stock during the quarter, more than double the prior quarter's sales.
Coinbase reported revenue of more than $1.6 billion for the first quarter, beating analyst estimates. Net income was over $1.1 billion, compared to a loss in the prior year. Transaction revenue nearly tripled year-over-year to over $1 billion, driven by a surge in cryptocurrency trading amid the bitcoin rally. New Bitcoin highs and Ethereum's network upgrade drove increased demand for Coinbase's trading platform. Institutional investment in crypto also grew. Four Coinbase executives collectively sold over $380 million in company stock during the quarter, more than double the prior quarter's sales.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_fast-food-restaurants-reports-decline-in-same-store-sales-reflecting-inflation-and-consumer-pressures.webp "Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.")
⏲ 0:48 👁 745K
_hong-kong-thunderstorm-10000-lightning-strikes-overnight-alerts-issued-124-oneindia-news.webp "Hong Kong witnessed a stunning display of nature's power as nearly 10,000 lightning strikes illuminated the city overnight. From towering residential buildings to iconic landmarks, witness the electrifying spectacle that lit up the skies. Stay tuned for more updates on this breathtaking event<br/> <br/>#HongKong #HongKongLightening #HongKongThunderstorm #ChinaRains #HongKongNews #HongKongThunderstorm #Oneindia<br/>~PR.274~ED.103~GR.125~HT.96~")
⏲ 2:26 👁 10.3M
_new-footage-of-taylor-swift-and-travis-kelce-on-night-out-in-las-vegas.webp "New footage of Taylor Swift and Travis Kelce leaving a charity gala together has emerged. <br/><br/>A diner at Toca Madera, Las Vegas, US, was shocked when they spotted the superstar singer and her NFL player boyfriend eating there on Saturday 27 April. <br/><br/>The couple had been seen together at Patrick Mahomes' charity gala earlier in the evening - before Kelce was spotted at a nightclub party with Norwegian DJ Kygo.<br/><br/>The new video appears to answer speculation as to whether Taylor had been in his company after the gala.<br/><br/>An onlooker said: \")
_wwe-monday-night-raw-full-show-29-april-2024-492-2992-24.webp "WWE RAW MONDAY NIGHT FULL SHOW 29 April 2024 4/29/24<br/><br/>WWE RAW MONDAY NIGHT FULL SHOW 29 April 2024 4/29/24")
_amazon-negotiations-sports-streaming-continues-to-grow.webp "Amazon Negotiations: Sports Streaming Continues to Grow from first night in india")
_i-changed-my-face-and-returned-as-cheating-exs-step-mother-for-revenge5051.webp "I changed my face and returned as cheating EX’s step mother for revenge#5051")
_the-scotsman-bulletin-monday-april-29-2024-humzayousaf.webp "Scotsman deputy editor Alan Young speaks to political editor Alistair Grant about the latest in the First Minister Humza Yousaf saga")
_eam-jaishankar-rejects-joe-biden39s-39india-is-xenophobic39-comment-124-know-more-124-oneindia-news.webp "Indian Foreign Minister S. Jaishankar rebuffed U.S. President Joe Biden's assertion that \")
⏲ 3:10 👁 2.2M
_fast-food-restaurants-reports-decline-in-same-store-sales-reflecting-inflation-and-consumer-pressures.jpg)
_hong-kong-thunderstorm-10000-lightning-strikes-overnight-alerts-issued-124-oneindia-news.jpg)
_new-footage-of-taylor-swift-and-travis-kelce-on-night-out-in-las-vegas.jpg)
_wwe-monday-night-raw-full-show-29-april-2024-492-2992-24.jpg)
_amazon-negotiations-sports-streaming-continues-to-grow.jpg)
_i-changed-my-face-and-returned-as-cheating-exs-step-mother-for-revenge5051.jpg)
_the-scotsman-bulletin-monday-april-29-2024-humzayousaf.jpg)
_eam-jaishankar-rejects-joe-biden39s-39india-is-xenophobic39-comment-124-know-more-124-oneindia-news.jpg)
![[+]](/images/menu.gif){kind=small}