Coinbase swings to profit on interest income strength

  • The best business in crypto is sitting on US treasuries, second only to trading fees.

  • > profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with a loss of $557 million, or $2.46 per share, a year ago.

    That’s an $830M increase(!) in revenue in one year

    How is that possible?

  • The Fed takes... and the Fed gives as well!

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  • Nice hospital! Nice nuclear power plants! Nice police office! Clean roads!

  • your financial future will be on the blockchain. trustless, programmable money