Coinbase surpasses expectations with Q1 revenue surge amid Bitcoin boom
A significant component of the revenues was a $650 million mark-to-market gain on digital assets held for investment, following new accounting standards adopted by the company.
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The global crypto market cap is $2.29 trillion, with a 24-hour volume of $72.72 billion. The price of Bitcoin is $61,552.12, and BTC market dominance is 53.1%. The price of Ethereum is $3,070.57, and ETH market dominance is 16.1%. The best-performing sector is Base Ecosystem, which gained 26%. The Crypto Fear & Greed Index is currently Neutral (48).
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Coinbase surpasses expectations with Q1 revenue surge amid Bitcoin boom
A significant component of the revenues was a $650 million mark-to-market gain on digital assets held for investment, following new accounting standards adopted by the company.
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Coinbase is the Best "Levi Jeans" maker of this new digital gold rush. Loving the ride!