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Coinbase announced its 2021 first quarter earnings on Tuesday, revealing that the crypto giant made a profit of between $730m and $800m on revenue of approximately $1.8b. The results amounted to a blockbuster quarter for Coinbase, eclipsing its performance for the entire previous year.
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"This revenue unpredictability, in turn, impacts our profitability on a quarter-to-quarter basis. In terms of expenses, we intend to prioritize investment, including in periods where we may see a decrease in Bitcoin price," the company stated.
https://decrypt.co/64108/coinbase-blowout-q1-profit-days-ahead-of-april-14-direct-listing
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