Coinbase Cryptocurrency Exchange Reports Earnings of $0.15 per Share for Q2 of Fiscal Year 2024, Overcoming Prior Year’s Loss of $0.42 per Share; However, Earnings Fall Short of Analysts’ Expectation of $0.93 per Share.

Coinbase was able to impress with its revenue: The company achieved $1.45 billion in the reporting quarter, significantly exceeding market expectations of $1.4 billion. Compared to the same period last year, when revenue was $797.91 million, this represents a significant increase.

The positive revenue trend reflects the recent crypto rally, which is evident in Coinbase's balance sheet. Coinbase's stock was temporarily up 1.02 percent at $214.80 in pre-market trading on NASDAQ.

These results underscore the volatility and opportunities in the crypto market, with Coinbase continuing to show strong revenue growth despite missing profit forecasts.