Coinbase strengthens IPO prospects with record Q1 earnings
Published
Apr 08 2021 at 12:48 PM GMT
Key
Points
Points
- The US-based crypto giant earned $1.8 billion in revenues in Q1, compared with $1.
- 3 billion for all of 2020, per BusinessWire.
- The announcement comes just a week before its April 14 IPO.
- Coinbase offers a wide range of crypto products, including trading and custody services for both consumers and institutions, a stablecoin pegged to the US dollar, and a payment solution that lets merchants accept cryptos.
- The record-breaking quarter coincides with cryptocurrencies' exploding popularity among retail and institutional investors.
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- Published Apr 8, 2021 12:48 PM GMT