Coinbase stock rises after company posts higher revenue on crypto market upswing
Coinbase Global (COIN) on Thursday posted higher-than-expected profit and revenue for the third quarter, as crypto markets boosted revenue and trading activity during the period. In its third quarter, net revenue at the crypto exchange tallied 1.13 billion in the same quarter last year. Its trading volume during the quarter totaled 185 billion last year. Profits totaled 1.50 per share, up from $75.5 million in the same quarter last year. Th ...