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Coinbase's second-quarter revenue surges on crypto trading revival
Coinbase reported a surge in second-quarter revenue on Thursday as trading volumes at the crypto exchange roared back to life thanks to market euphoria over easing regulatory roadblocks. Crypto markets have gotten a shot in the arm this year from the U.S. Securities and Exchange Commission's approval of an exchange-traded fund to track the spot price of bitcoin and more recently, ether, the second-biggest crypto token. Shares in the crypto exchange rose 2.2 per cent in extended trading after results. The approvals came after an almost decade-long tussle with the regulator and marked the entry of traditional financial ... (full story)
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- Posted: Aug 1, 2024 7:55pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 178
