File Photo: People are seeing the logo of Coinbase Global Inc, the largest cryptocurrency exchange in the United States, appearing on April 14, 2021 at the Nasdaq Market Site Jumbotron in Times Square, New York, USA. REUTERS / Shannon Stapleton
August 10, 2021
(Reuters) – Coinbase Global Inc saw quarterly trading volume increase by more than 1,500% on Tuesday as US cryptocurrency exchanges merged their huge expansion earlier this year and Bitcoin trading surges continued in the quarter. I reported that I did.
Coinbase’s quarterly turnover ended June 30 was $ 462 billion, compared to $ 28 billion in the year-ago quarter.
The cryptocurrency exchange posted a net profit attributable to common shareholders of $ 1.59 billion, or $ 6.42 per share, in the quarter ended June 30.
(Report by Sohini Podder in Bangalore, edited by Shailesh Kuber)
