Coinbase posts profit on higher interest income from stablecoin reserves

Coinbase Global swung to a profit in the fourth-quarter, helped by higher interest income that the crypto exchange earned on its stablecoin reserves and other products. The company on Thursday reported a profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with…#coinbaseglobal #usfederalreserve #coinbase #usdcoin #usdc #circle
Source: Reuters: Health - Category: Consumer Health News Source Type: news