Coinbase’s Profit Surge: A Crypto Revival?

Coinbase Global, a U.S.-based cryptocurrency exchange, has announced its first quarterly profit in two years, signaling a turnaround for the cryptocurrency market. Shares surged by 13% in post-market trading, driven by increased interest and reduced operational costs. Challenges ahead include market volatility and ongoing legal battles with the SEC. However, Coinbase's emphasis on innovation and diversification positions it for future success. Overall, this news highlights the growing appeal of cryptocurrency as a financial asset.