Stablecoins, Unstable Crypto Market Propel Coinbase Profits

Renewed investor enthusiasm for crypto has been good news for U.S. cryptocurrency exchange Coinbase.And while 2023 wasn’t the greatest year for crypto, it was no 2022, and Coinbase’s latest quarterly results, announced Thursday (Feb. 15), highlight that the famously volatile digital asset sector could, once again, be on the upswing. The company’s fourth-quarter revenue beat analysts’ $826 million estimate by more than $100 million, landing at $953 million — up 41% quarter-over-quarter — underscoring the dow ...