From Nasdaq Corporate Solutions:

Coinbase Global reported a profit of $273.4 million, or $1.04 per share, in the fourth quarter, compared to a loss of $557 million, or $2.46 per share, a year ago. The increase in profit was due to higher interest income from the crypto exchange’s stablecoin reserves and other products. (Reuters)

The company’s positive financial results are attributed to the higher interest income earned on its stablecoin reserves and other products. Coinbase Global’s profit for the fourth quarter was $273.4 million, or $1.04 per share, compared to a loss of $557 million, or $2.46 per share, in the same period a year ago. (Nasdaq)



Read more: Coinbase swings to profit on interest income strength