Coinbase’s flare-up on Wall Street (+ 8% to $ 291) in the aftermath of the quarterly accounts beyond expectations. The cryptocurrency platform recorded revenues of $ 2.23 billion in the second quarter, higher than analysts’ expectations and with trading volumes increased more than 16 times compared to the same quarter a year ago. Coinbase’s earnings per share was $ 3.45. The company’s net income for the quarter was $ 1.6 billion, up nearly 4,900 percent from the prior year.
CEO Brian Armstrong said he wants Coinbase to become the Amazon of assets by including all legal crypto assets on its platform.
Armstrong then noted that Bitcoin and Ethereum make up about 50% of Coinbase’s trading volume, while all other digital currencies together account for the remaining 50% of the volume.