“Coinbase made estimated revenues of $1.8 billion in the first quarter of 2021, a ninefold increase from the same period a year earlier, while profits surged from $32 million to between $730 million and $800 million,” according to the article.
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Coinbase shares closed down 1.68% after its first day of trading. The cryptocurrency exchange was valued for a brief time at more than $100 billion at its high point of the day, but ultimately closed at $85.8 billion. So reports CNBC.
“Coinbase made estimated revenues of $1.8 billion in the first quarter of 2021, a ninefold increase from the same period a year earlier, while profits surged from $32 million to between $730 million and $800 million,” according to the article.