Coinbase stock rises after company posts higher revenue on crypto market upswing
Coinbase Global (COIN) 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 $1.79 billion, up from $1.13 billion in the same quarter last year. Its trading volume during the quarter totaled $295 billion,