Coinbase 1Q revenue of $1.64 billion... Beats Estimates

Coinbase reported its Q1 earnings, according to CNBC. During the period, Coinbase reported revenue of $1.64 billion, beating estimates ($1.34 billion). This is a significant increase from the year-ago quarter ($7.7 billion). “Coinbase shares have surged about fivefold in the past year, and are up about 30% this year,” the media said. The cryptocurrency rally has boosted trading volume and demand for its other services.”