Coinbase leans into uncertainty

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Coinbase’s second-quarter revenue rose more than 10-fold from a year ago. But the company isn’t joking in saying its business is inherently unpredictable: Retail trading growth is slowing, regulation looms and rivals are moving in, rob_cyran writes.

Coinbase Global on Aug. 10 reported second-quarter net revenue of $2 billion, compared with $178 million in the same period in 2020.

The cryptocurrency exchange earned $1.6 billion in the quarter, or $6.42 per share. In last year’s second quarter, the company earned $32 million.Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018.

 

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