Stablecoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-earnings-report-highlights/" data-wpel-link="internal">Coinbase Earnings Report Highlights</a> 
For some time, we have been witnessing a recovery in the stock markets alongside the earnings reports of US-based companies. This positive correlation also helped the rise in <a href="https://en.coin-turk.com/the-current-state-of-long-positions-in-bitcoin/" data-wpel-link="internal">BTC</a> and crypto prices. Today, the latest quarterly earnings report of the Coinbase exchange was announced. This provides us with an opportunity to better understand the current state of the cryptocurrency markets. 
<h2 style="text-align: justify" id="coinbase-earnings-report">Coinbase Earnings Report</h2> 
Reuters initially reported earnings 300 million dollars below expectations, but later corrected this. Last quarter’s earnings were above expectations, allowing Coinbase to end the week on a high note. This is certainly positive for cryptocurrencies as well. 
A significant portion of the company’s last quarter earnings was related to interest income from stablecoin reserves. The company earns interest on reserves of USD Coin (USDC), a stablecoin it co-manages with Circle. Additionally, by diversifying its products and reducing staff numbers, the company has been able to focus more easily on profits for a long time. Coinbase reported that income from Stablecoin reserves was 171.6 million dollars, up from 145.7 million dollars last year. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-315376 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Coinbase-Kazanc-Rapor-scaled.jpg" alt="" width="2560" height="1440"> 
The table above shows all the details for the last quarter. After the close, the stock rose to 178.48 dollars. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-315375 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Coinbase-Hisse-.png" alt="" width="890" height="601"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-earnings-report-highlights/" data-wpel-link="internal">Coinbase Earnings Report Highlights</a></h5>

Coinbase Earnings Report Highlights

Mục lục

COINTURK NEWS

Các bài viết khác được xuất bản trên 15 thg 2, 2024

Bitcoin Surges Past $52,000 as Market Anticipates Halving Rally

BTC and ETH Break Key Levels, Market Liquidates $206M

Palworld Continues to Dominate, Eyes Potential Expansion to PlayStation 5

Avalanche’s Stablecoin Surges as Market Value Hits $1.15 Billion

This is Why Binance Invested in These 3 Crypto Platforms

Ripple Price Prediction: Here’s Where XRP Price is Heading Next

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!