Coinbase posts $718.7M profit as insiders plan $2.2B share sale
- —Net income $718.7M, EPS $2.51 vs. expected $0.15 loss
- —Revenue $1.22B (-35%), trading revenue $590M (-44%)
- —Retail spot trading volume fell 59%
- —Insiders to sell 13.6M shares worth ~$2.2B at $160.59
Why it matters: Profit rests on crypto markups rather than operations, while a large insider sale plan weighs on COIN shares.
Source: BeInCrypto TR