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Coinbase | 10-Q: Q1 2024 Earnings Report

Coinbase | 10-Q: Q1 2024 Earnings Report

Coinbase | 10-Q:2024财年一季报
美股sec公告 ·  05/02 16:29
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Coinbase Global, Inc. reported a robust financial performance for the first quarter of 2024, with net revenue reaching $1.6 billion and net income soaring to $1.2 billion. The company's financial success was attributed to product expansion, operational discipline, and favorable crypto market conditions. Trading volume experienced a significant year-on-year increase of 115%, with consumer trading volume up by 167% and institutional trading volume growing by 106%. Monthly Transacting Users (MTUs) saw a slight decline of 5% from the previous year. Coinbase's business development efforts were highlighted by the expansion of transaction and stablecoin revenue streams, international growth, and the integration of USDC into the cryptoeconomy. The company also emphasized enhancing crypto utility and achieving regulatory clarity. Looking forward, Coinbase plans to focus on revenue growth through international expansion, promoting stablecoin use, and supporting developers on its Base platform. The first quarter of 2024 was marked as highly productive, with the company remaining committed to its mission of increasing economic freedom worldwide.
Coinbase Global, Inc. reported a robust financial performance for the first quarter of 2024, with net revenue reaching $1.6 billion and net income soaring to $1.2 billion. The company's financial success was attributed to product expansion, operational discipline, and favorable crypto market conditions. Trading volume experienced a significant year-on-year increase of 115%, with consumer trading volume up by 167% and institutional trading volume growing by 106%. Monthly Transacting Users (MTUs) saw a slight decline of 5% from the previous year. Coinbase's business development efforts were highlighted by the expansion of transaction and stablecoin revenue streams, international growth, and the integration of USDC into the cryptoeconomy. The company also emphasized enhancing crypto utility and achieving regulatory clarity. Looking forward, Coinbase plans to focus on revenue growth through international expansion, promoting stablecoin use, and supporting developers on its Base platform. The first quarter of 2024 was marked as highly productive, with the company remaining committed to its mission of increasing economic freedom worldwide.
Coinbase Global, Inc.在2024年第一季度取得了强劲的财务业绩,净营业收入达到16亿美元,净利润飙升至12亿美元。公司的财务成功归因于产品扩展、运营纪律以及有利的加密市场条件。成交量同比显著增长115%,消费者成交量增长167%,机构成交量增长106%。月度交易用户(MTUs)与前一年相比略微下降5%。Coinbase的业务发展得到了强调,包括交易和稳定币营收流、国际增长以及将USDC集成到加密经济中。公司还强调了提高加密货币的效用和实现监管明确性。展望未来,Coinbase计划通过国际扩张、推广稳定币使用和支持其Base平台上的开发人员来专注于营收增长。2024年第一季度被标记为高产期,公司仍致力于其增加全球经济自由的使命。
Coinbase Global, Inc.在2024年第一季度取得了强劲的财务业绩,净营业收入达到16亿美元,净利润飙升至12亿美元。公司的财务成功归因于产品扩展、运营纪律以及有利的加密市场条件。成交量同比显著增长115%,消费者成交量增长167%,机构成交量增长106%。月度交易用户(MTUs)与前一年相比略微下降5%。Coinbase的业务发展得到了强调,包括交易和稳定币营收流、国际增长以及将USDC集成到加密经济中。公司还强调了提高加密货币的效用和实现监管明确性。展望未来,Coinbase计划通过国际扩张、推广稳定币使用和支持其Base平台上的开发人员来专注于营收增长。2024年第一季度被标记为高产期,公司仍致力于其增加全球经济自由的使命。
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