Q2 Earnings Confirm Coinbase’s Command of Cryptocurrency

Q2 Earnings Confirm Coinbase’s Command of Cryptocurrency

Coinbase Global, Inc. (COIN), one of the largest cryptocurrency exchanges in the world, reported blowout earnings for the second quarter of 2021, supported by the increasing popularity of Bitcoin and other cryptocurrencies among retail investors.

Coinbase debuted on Nasdaq on April 14, with an IPO reference price of $250. The stock opened at $381, and then reached its all-time high of $429.54, before closing at $328.28. (See Coinbase stock charts on TipRanks)