In spite of the fact that Coinbase has always been one of the most well-known trading platforms, business within the past few years hasn’t been much easier for them than lesser-known exchanges.
Between crypto winter, an ongoing lawsuit, the need for personnel reductions, and the other expenses of running a business, Coinbase has suffered business contraction for about two years now.
However, the exchange’s fortunes have changed.
First Profitable Quarter in Two Years
Coinbase’s quarterly report has arrived, and the exchange has cause to celebrate. According to the fiscal report for Q4 FY2023, the company has brought in $273 million in net income over the past couple of months. Total revenues added up to $953.8 million, beating analyst predictions by upwards of $100 million.
After absorbing the negative impact of the preceding quarters, this figure brings Coinbase’s final tally to $95 million in net profit for 2023.
A good chunk of the exchange’s rebound can be attributed to th
We współpracy z: https://cryptopotato.com/for-the-first-time-in-2-years-coinbase-has-gone-profitable-again-report/
