• Coinbase's monster Q1 in context

    6 days ago - By Tech Crunch

    In the first quarter of 2021, American consumer cryptocurrency trading giant Coinbase grew sharply, generating strong profits at the same time.
    For Coinbase, the disclosure of its preliminary Q1 2021 results comes a week ahead of its direct listing, an event that will see the company begin to trade publicly. As it is both cash-rich and well-known, Coinbase is foregoing a traditional IPO in favor of the more exotic method of going public.
    In its release, Coinbase disclosed the following metrics, which TechCrunch has compared to metrics from its S-1 filing :
    Monthly transacting users of 6.1...
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