Coinbase ends three-quarter losing streak with $719M profit
Coinbase managed to snap its three-quarter losing streak and pull in a profit. The exchange clocked $1.22 billion in Q3 revenue—a 35% drop from the same period last year—but still a massive win, as net income climbed 66% to $719 million. For the past three quarters, Coinbase has struggled with losses amid continued…
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