Coinbase says attentive to regulatory concerns after profit beat
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Coinbase (COIN) Edges Higher After Smashing Q2 Estimates, Results Seen as 'Blockbuster' But Analyst Warns Outlook Remains a 'Coin Toss'
August 11, 2021 7:47 AM EDTShares of Coinbase (NASDAQ: COIN) are up more than 2.5% in early Wednesday trading after the digital asset exchange presented better-than-expected Q2 results.
The company smashed analyst estimates after it reported earnings per share (EPS) of $3.45 per share on sales of $2.23 billion vs EPS of $2.33 on revenue of $1.78 billion.
Q2 was a strong quarter for Coinbase with growth and diversification across our platform. Retail Monthly Transacting Users (MTUs) grew to 8.8 million, up 44% from Q1 2021. Verified Users were 68 million. We now have over 9,000 institutions who continue to deepen and broaden their activities in the... More
