Coinbase Reports $771 Million USD Profit in the First Quarter of 2021

Coinbase released its first earnings report since its direct listing last month, noting that the rising prices of cryptocurrency boosted its Q1 net income to $771 million USD.In a letter to shareholders, the cryptocurrency exchange said it experienced strong first quarter results as the crypto market cap approached nearly $2 trillion USD by the end of the financial quarter, compared to $782 billion USD over the same time last year."We saw many crypto assets reach all time high prices, high level...