Home Finance Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. Elevated costs have come with it.

Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. Elevated costs have come with it.

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Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. Elevated costs have come with it.

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A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.

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