In the fourth quarter report of Coinbase (COIN), the largest cryptocurrency exchange in the USA, it was seen that the trading volume decreased compared to the previous quarter, while profiting millions of dollars above the expectations.
coinbase February 21 shared its financial reports for the fourth quarter of 2022 on Despite the decrease in the trading volume in the fourth quarter compared to the previous quarter, the stock market is approximately lower than the analysts’ estimates. 16 million dollars by earning more 604.9 million reported revenue in dollars. stock market shares, signaling recovery in the post-closing session after the financial reports are announced rapidly appreciated.
According to the data in the report, although the quarterly income of the stock market is above the estimates, the annual income 3.1 billion dollars in 2021 7.3 billion approximate dollar income below 57% left.
In the fourth quarter, the exchange announced that the majority of blockchain rewards were reported to be from staking revenues. 62.4 million got dollars. Exchange from blockchain rewards 2021 in the year 223 million while earning dollars in 2022 your awards 275.5 million dollars was seen.
Stock market compared to the previous quarter 12% lower had a trading volume. Vice President of Investor Relations of the Stock Exchange Anil Guptastated that the trading volumes of the stock market decreased compared to the previous quarter, as individual investors reduced trading and pursued medium and long-term investment strategies.
Stock market in terms of total net income in 2022 2.6 billion while losing the dollar EBITDA (Earnings Before Interest, Depreciation and Taxes) 371 million reported in dollars.
Coinbase said in a statement on the subject, that Coinbase and the crypto economy resistant, proved that and solid long-term fundamentals He said he stayed.
According to Nasdaq data COIN share price closed the February 21 session 62.07 in the post-closing session after the financials are announced while closing at the dollar level to 6.97% with an increase in value $66.4 rose to the level.