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Coinbase revenue tripled from last quarter as crypto prices skyrocketed – CNBC

Coinbase revenue tripled from last quarter, as the price cryptocurrencies took off in 2021.

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Coinbase shares were down about 4% in after-hours trading on Thursday, despite revenue and net income skyrocketing in the first quarter of 2021 as the cryptocurrency trading platform capitalized on a boom in crypto prices and corresponding interest from investors. The results largely matched estimates that Coinbase delivered on Apr. 6, about a week before its public debut, leaving investors non-plussed.
Here’s how the cryptocurrency exchange did in its first earnings report since¬†the company’s direct…

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