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In the first quarter, Coinbase reported total revenue of about $1.8 billion, and net income of about $730 million to $800 million, with EBITDA coming in at about $1.1 billion.
Riding a wave of Bitcoin interest and price jumps, the cryptocurrency exchange reported an eye-popping trading volume of $335 billion in the quarter. Assets on the platform grew to $223 billion, or 11.3% of crypto asset market share, the company said.
Tomio Geron ( @tomiogeron) is a San Francisco-based reporter covering fintech. He was previously a reporter and editor at The Wall Street Journal, covering venture capital and startups. Before that, he worked as a staff writer at Forbes, covering social media and venture capital, and also edited the Midas List of top tech investors. He has also worked at newspapers covering crime, courts, health and other topics. He can be reached at email@example.com or firstname.lastname@example.org.