Coinbase swings to profit on interest income strength

by whitepainton 2/15/24, 9:27 PMwith 29 comments
by cowboyscotton 2/15/24, 10:25 PM

The best business in crypto is sitting on US treasuries, second only to trading fees.

by AndrewKemendoon 2/15/24, 11:57 PM

> profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with a loss of $557 million, or $2.46 per share, a year ago.

That’s an $830M increase(!) in revenue in one year

How is that possible?

by Apocryphonon 2/15/24, 10:40 PM

The Fed takes... and the Fed gives as well!

by WhereIsTheTruthon 2/15/24, 10:45 PM

Nice hospital! Nice nuclear power plants! Nice police office! Clean roads!

by sowuton 2/15/24, 10:12 PM

your financial future will be on the blockchain. trustless, programmable money