COIN - Coinbase Q1 Earnings Highlights: Revenue Beat Institutional Trading Volume Hits All-Time High Bitcoin Totals 33% Of Trades | Benzinga
Cryptocurrency trading platform Coinbase Global (NASDAQ:COIN) reported first-quarter financial results after the market close Thursday.
Here are the key highlights.
What Happened: Coinbase reported total revenue of $1.64 billion, which beat a Street consensus estimate of $1.34 billion, according to data from Benzinga Pro. The company reported GAAP EPS of $4.40.
The company reported net revenue of $1.6 billion for the quarter, up 72% quarter-over-quarter.
Transaction revenue in the first quarter was $1.08 billion, with consumer transaction revenue totaling $935.2 million. Institutional transaction revenue was $85.4 million in the first quarter.
The company said institutional trading volume and number of ...