BUZZ-Coinbase rises after fourth-quarter profit beat estimates

Reuters

02-14

BUZZ-Coinbase rises after fourth-quarter profit beat estimates

** Shares of crypto exchange Coinbase COIN.O rise 1% to $301.25 after the bell

** COIN beats estimates for fourth-quarter profit on Thursday, driven by higher trading volumes in bitcoin BTC= and other digital tokens following the U.S. election

** Crypto exchange earned $4.68 per share for the three months ended December 31, while analysts were expecting a profit of $1.81 per share, according to data compiled by LSEG

** Total revenue rose to $2.3 billion from $953.8 million a year earlier

** COIN shares gained nearly 43% in 2024

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))

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