Coinbase reports strong fourth-quarter profit on crypto rally
ReutersFeb 13, 2025 9:14 PM
Feb 13 (Reuters) - Crypto exchange Coinbase COIN.O reported a jump in fourth quarter profit on Thursday, driven by higher trading volumes in bitcoin BTC= and other tokens following the U.S. election.
The company earned $1.29 billion, or $4.68 per share, for the three months ended December 31, compared with $275.7 million, or $1.04 per share, a year earlier.
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