Cryptocurrency exchange Coinbase announced that it generated $2.5 billion in net income in the fourth quarter of 2021.
“In 2021, millions of new users joined the crypto industry through Coinbase. We had a net income of $7.4 billion, of which $2.5 billion in the fourth quarter, and became the first publicly traded crypto trading platform to be quite the Best crypto-asset trading platform
We have accelerated our asset listing efforts throughout 2021”
Coinbase had revenue of $1.31 billion in the third quarter.
According to the report, assets on the platform increased from $255 billion in Q3 to $278 billion in Q4.
There was an increase in the number of users making monthly transactions. While 7.4 million users made transactions in the third quarter, this number increased by 54% to 11.4 million.
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