Coinbase stock jumps on better-than-expected Q2 earnings
NY Post
Shares of crypto exchange Coinbase rose 7 percent Wednesday morning after the company reported better-than-expected second quarter profits.
The digital coin exchange late Tuesday reported $1.6 billion in net profit for the quarter, representing earnings per share of $3.45. That eclipsed Wall Street’s expectations of $2.33 per share. Coinbase trading volumes also surged 38 percent to $462 billion during the second quarter.
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