Coinbase Surges 13% on Record Profit, ETF Boost

Coinbase Reports First Quarterly Profit Since 2021, Boosted by Surging Bitcoin Trading Volumes

Coinbase Global, one of the largest cryptocurrency exchanges in the world, has announced its first quarterly profit since 2021. The company recorded strong trading volumes driven by the renewed interest in bitcoin, resulting in a nearly 13% surge in its shares after the market closed.