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Coinbase snaps losing streak with third-quarter profit on crypto trading rebound

Reuters
Coinbase snaps losing streak with third-quarter profit on crypto trading rebound

Oct ‌29 (Reuters) - Cryptocurrency exchange Coinbase ​Global ‌reported a quarterly ‌profit on Thursday, ‌snapping a three-quarter streak of losses, as heightened ⁠volatility ‌in digital ⁠asset markets boosted ​trading.

The company reported a ​profit of $718.7 ​million, ‌or $2.51 per share, ​for ⁠the quarter ‌ended September ​30, ​compared with $432.6 million, or $1.50 per share, a ‌year earlier.

(Reporting by Rishab ‌Shaju ​and Prakhar Srivastava in Bengaluru; Editing by ‌Pooja Desai)