Coinbase swings to profit on interest income strength

https://www.nasdaq.com/articles/coinbase-swings-to-profit-on-interest-income-strength

by whitepaint • 2 years ago

25 28 2 years ago

nasdaq.com

sowut• 2 years ago

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

notfed• 2 years ago

You were one syllable away from a haiku.

MarcelOlsz3• 2 years ago

Literally nobody wants this. You guys had 15 years.

dpkirchner• 2 years ago

Maybe this is one of those techs that will always be in the future.

echelon• 2 years ago

Meanwhile AI is moving mountains and taking everyone's breath away.

Crypto is a waste of GPUs.

willmadden2• 2 years ago

You are comparing apples to oranges. AI hasn't been hamstrung since its inception like crypto. If there was a reasonable dynamic maximimum block size, no friction at crypto on/off-ramps, and no surveillance or taxation on it, you would absolutely be transacting in crypto rather than your national currency by now.

charlie0• 2 years ago

Tell that to the people in Argentina.

listenallyall2• 2 years ago

In the past 30 years, basic financial transactions (buying groceries, a meal, a movie ticket, etc) have shifted from (my estimate) probably 90% physical (cash and checks) to 90% electronic (cards, apps, EFT, Paypal), and most consumers prefer the new methods.

Some rough edges need to be worked out, but I would not be surprised at all if over the next 15 years, a decent number of companies start paying employees via stablecoin. And once that transition happens, it's not much of a leap to allow employees to decide whether they wish to be paid in a dollar-pegged currency or something else entirely.

cowboyscott• 2 years ago

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

shakow• 2 years ago

Frankly, that's not that far away from finance in general.

Apocryphon• 2 years ago

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

WhereIsTheTruth• 2 years ago

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

AndrewKemendo• 2 years ago

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?

jakupovic4• 2 years ago

BTC go up and COIN has many BTC.

Coinbase swings to profit on interest income strength

Related Stories