🚀Coinbase Q1 2024 earnings are out, and they're stellar! 💰 Revenue hit $1.6B, up 72% QoQ.

📈 The boost? Rising crypto prices and the launch of spot Bitcoin ETFs in the U.S.

🎉 Net income reached $1.18B, $4.40/share, translating to $1B in adjusted EBITDA.

🔥 Coinbase's Ethereum Layer2 chain, Base, raked in $56.1M in revenue since its launch.

👀 Consumer transaction revenue doubled to $935.2M, and volume mirrored this, growing 93% to $56B.

🏦 Coinbase's custodial services revenue jumped 64% to $32M, thanks to the launch of spot Bitcoin ETFs.

📊 Bitcoin accounted for a third of consumer and institutional transactions.

🗣️ What's your take on these numbers? Share your thoughts below! #CoinbaseEarnings #CryptoNews