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19 April 2021

Coinbase Posts Blowout Q1 Profit of $730-$800 Million Days Before Public Listing - Decrypt

Coinbase Posts Blowout Q1 Profit of $730-$800 Million Days Before Public Listing - Decrypt


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Coinbase Posts Blowout Q1 Profit of $730-$800 Million Days Before Public Listing.

Coinbase announced its 2021 first quarter earnings on Tuesday afternoon, revealing that the crypto giant made a profit of between $730 million and $800 million on revenue of approximately 1.8 billion.

Those results showed the company made a profit of $322 million on revenues of over $1.2 billion for the year 2020, compared to a loss of $30 million on revenue of $533 million in 2019.

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