Crypto Exchange Coinbase Shares Skyrocket 14% in After Hours Trade After Earning an Impressive First Quarterly Profit in Years
San Francisco, California – Cryptocurrency exchange Coinbase Global saw a 14% surge in its shares during after hours trading, following its announcement of its first quarterly profit in two years. The company credited this achievement to increased trading volumes in the crypto market, especially after the approval of spot bitcoin ETFs in the U.S. This led to a 50% increase in the price of bitcoin in the final three months of last year, while Coinbase’s …