Cryptocurrency Q&A
Has Coinbase ever been profitable?
Has Coinbase ever been profitable?
Lorenzo
Thu Nov 28 2024
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7 answers
2066
Coinbase, a digital currency exchange company, has reported profitable quarters in recent years. Specifically, in the fourth quarter of 2023, Coinbase achieved a significant milestone by reporting a profit of $2.73 billion, marking its first quarterly profit in two years. This profitability was driven by various factors including increased trading volumes and subscription and service revenues.
7 answers
SsamziegangSerenadeMelodyHarmonySoul
Sat Nov 30 2024
For two consecutive years, the cryptocurrency exchange struggled to achieve profitability.
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CryptoVanguard
Sat Nov 30 2024
However, the fourth quarter of 2023 brought a significant turnaround for the company.
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MysticChaser
Sat Nov 30 2024
During this period, Coinbase reported a net income of $273 million.
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Giulia
Sat Nov 30 2024
Coinbase executives found themselves in a celebratory mood after a challenging couple of years.
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KimonoGlitter
Sat Nov 30 2024
This marked a substantial improvement from the previous quarters and years.
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