financetom
Business
financetom
/
Business
/
Coinbase posts third-quarter profit on trading strength
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Coinbase posts third-quarter profit on trading strength
Oct 31, 2024 2:58 AM

Oct 30 (Reuters) - Coinbase Global ( COIN ) posted a

third quarter profit on Wednesday, helped by strong trading

volumes at the exchange as cryptocurrency navigated its path

through regulatory easing and political and economic turmoil.

Net income attributable to shareholders came in at $75.46

million, or 28 cents per share, for the three months ended Sept.

30, compared with a loss of $2.27 million, or 1 cent per shares,

a year earlier.

(Reporting by Pritam Biswas in Bengaluru; Editing by Anil

D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sri Lanka to re-engage with private creditors imminently, sources say
Sri Lanka to re-engage with private creditors imminently, sources say
Jun 24, 2024
NEW YORK, June 24 (Reuters) - Formal negotiations between Sri Lankan authorities and international private creditors on over $12 billion in bonds are set to resume imminently after a group of bondholders signed non-disclosure agreements late last week, three sources told Reuters on Monday. The resumption of the talks comes days after the International Monetary Fund board approved a $336...
Rite Aid defeats MedImpact in $200 million Elixir sale dispute
Rite Aid defeats MedImpact in $200 million Elixir sale dispute
Jun 24, 2024
NEW YORK (Reuters) - MedImpact's attempt to recoup about $200 million related to its purchase of Rite Aid's ( RADCQ ) pharmacy benefit unit failed after a judge ruled on Monday that it took on Elixir's debts when it bought the company. U.S. Bankruptcy Judge Michael Kaplan at a hearing in Trenton, New Jersey said that MedImpact was well aware...
Wegovy-maker Novo Nordisk to spend $4.1 bln to boost US manufacturing
Wegovy-maker Novo Nordisk to spend $4.1 bln to boost US manufacturing
Jun 24, 2024
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON June 24 (Reuters) - Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular weight-loss treatment Wegovy and diabetes drug Ozempic, it said on Monday. Construction of the plant at Novo's existing main U.S. manufacturing site in Clayton, North Carolina, will...
Ansys Enters Intel Foundry's USMAG Alliance for Chip Designs
Ansys Enters Intel Foundry's USMAG Alliance for Chip Designs
Jun 24, 2024
02:19 PM EDT, 06/24/2024 (MT Newswires) -- Ansys ( ANSS ) said Monday it has entered Intel's ( INTC ) Intel Foundry Accelerator United States Military, Aerospace, and Government Alliance to support the development of chip designs for government and national security applications. Ansys ( ANSS ) will support Intel Foundry in providing thermal management services for the specific cooling...
Copyright 2023-2026 - www.financetom.com All Rights Reserved