Coinbase Shares (COIN) Soar to New Yearly High After Posting First Profitable Quarter in Two Years
Shares of Coinbase (COIN) rallied at the end of the week after the crypto exchange released its fourth-quarter results for 2023. Coinbase’s earnings report revealed the exchange posted its first profitable quarter in over two years, with a net income of $273 million, or $1.04 a share. Speaking with Bloomberg, Owen Lau, an analyst at...