Fortunes bolster by rising crypto prices and the launch of spot bitcoin ETFs, Coinbase shares have been steadily increasing.
Coinbase beat analyst estimates after reporting fourth-quarter revenue of $953.8 million, a increase of 41% from the previous quarter, the company said in a statement.
"In 2023, we saw our operational rigor pay off," Coinbase said in an earnings statement. "We achieved our financial goal, launched new innovative products, strengthened our competitive position, and doubled down on our efforts to create momentum for a workable regulatory framework for crypto in the US."
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