🧵 1. Coinbase, the crypto exchange, turns first profit in 2 years, thanks to altcoin boom and ETF hype. Q4 revenue reaches $904.6 million, marking a significant improvement. #crypto
🧵 1. Coinbase, the crypto exchange, turns first profit in 2 years, thanks to altcoin boom and ETF hype. Q4 revenue reaches $904.6 million, marking a significant improvement. #crypto
🧵 2. Transaction revenue drives Coinbase's Q4 gains, with consumer and institutional transactions soaring. Consumer trading volume spikes to $29 billion, while altcoins capture 42% of total volume.
🧵 3. Despite shrinking customer base, Coinbase's revenue rises. Subscription and services revenue grows by 12.2% to $375.4 million. Altcoins account for 57% of overall transaction revenue.
🧵 Read more at: https://coingeek.com/coinbase-posts-first-profit-in-2-years-thanks-to-altcoin-bubble/