The company said revenue climbed more than nine-fold from a year earlier to $1.8 billion, spurred by a surge in the price of bitcoin.Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018.In preparation for its debut on the Nasdaq next week, cryptocurrency exchangethat first-quarter revenue climbed about nine-fold from last year, driven by a historic rally in the price of bitcoin.
Revenue in the period jumped to about $1.8 billion from $190.6 million in the same quarter a year earlier, Coinbase said in a , adding that the results are preliminary and unaudited. Net income grew to between $730 million and $800 million from $31.9 million a year ago. Coinbase said it has 56 million verified users.Coinbase is poised to become the latest tech company to hit the market with a massive valuation, capitalizing on continued growth in the sector despite broader economic struggles caused by the coronavirus pandemic.
Sheesh 🥵🤑
Sale of Iran is forbidden Imperial Land The forgotten land of Iran Beautiful nature of Iran China & Russia & UK GET OUT OF IRAN ! No2ChinaIRAccord No to Islamic_Republic the criminal sect
Now that’s a hype stock waiting to crash hard 😅