From Nasdaq, Inc.:

Coinbase Global reported a profit of $273.4 million in Q4, compared to a loss of $557 million a year ago. The U.S. Federal Reserve’s benchmark rate has helped companies like Coinbase earn more interest on their assets. Coinbase’s stablecoin revenue was $171.6 million, up from $145.7 million the previous year.



Read more: Coinbase posts profit on higher interest income from stablecoin reserves