DeFi Education • 739 implied HN points • 16 Feb 24
- Coinbase made a profit of $273 million in Q4 2023 after struggling for two years, thanks to cost-cutting and increased trading volume. This shows that the company has bounced back from a tough period.
- Many retail and institutional investors are returning to Coinbase, with retail transaction revenue jumping 79% from the previous quarter. Coinbase is gaining market share in the crypto trading space.
- Coinbase is on track for potential inclusion in the S&P 500, which could lead to even more attention and investment. This would be a big deal for the company and the crypto market.