US cryptocurrency exchange Coinbase performed beyond expectations in the third quarter of the year.
According to its third quarter results, Coinbase posted a loss of $0.01 per share, different from FactSet’s forecast of a loss of $0.55 per share.
The company also analysts $650.9 million exceeding income expectations $674.1 million income announced.
Coinbase, one of the world’s largest cryptocurrency exchanges, has outperformed analysts’ expectations in terms of revenue for three consecutive quarters.
The trading volume of the stock exchange is fell below expectations. Coinbase, which recorded a transaction volume of $92 billion in the previous quarter, announced a volume of $76 billion, below analysts’ expectations of $80.1 billion in this quarter.
According to the statement of Coinbase management, revenues obtained from transactions, General situation and volatility of the cryptocurrency market It decreased due to
As of the end of the third quarter, the company had total assets of $127.3 million and liabilities of $121.3 million.