Coinbase reports Q4 earnings as Intercontinental Exchange invests in tZERO
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week’s top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly.
COINBASE Q4 EARNINGS: On Thursday, Coinbase (COIN) reported fourth quarter earnings per share of $3.32 on a revenue of $2.5B, which compared to EPS of 66c on a revenue of $585,112 for the same period last year. The company said, “2021 was a year of tremendous growth and development in the cryptoeconomy, as well as for Coinbase. We ended 2021 with strong performance across our key metrics that were within our outlook. In Q4, we generated $2.5B of net revenue, $840M of net income, and $1.2B of Adjusted EBITDA. We ended the year with 11.4 million Monthly Transacting Users – of whom 32% both invested and engaged with a non-investing product.”
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