Robinhood Shares Jump in Premarket Trading After Blowout February Activity Levels
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
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Earnings
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs).
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said.
Coinbase CEO Brian Armstrong (CoinDesk)
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
The miner sees yearly mining power guidance exceeding/TKTK 23 EH/s this year.
The crypto exchange’s third quarter transaction revenue rose/fell short from previous quarter.
The tokens such as FET, GRT, AGIX rose/fell tktk