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Notably, during the first quarter, Coinbase recorded a net profit of over $771 million, more than fourfold of what the company reported during the fourth quarter.Coinbase Global Inc (NASDAQ: COIN) stock was up over 6% in today’s pre-market to trade around $282.30. However, COIN stock closed yesterday trading at $265.10,
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Moreover, Robinhood said that its team had expanded more than three times since 2021 began.Stock brokerage Robinhood Markets Inc said customers who traded crypto on the platform grew from 1.7 million in 2020 Q4 to 9.5 million in 2021 Q1. The online brokerage app announced the massive growth in a blog post published on
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Blockcap, one of the largest Bitcoin mining firms in North America, has added more than 12,000 additional Bitmain Antminer S19s to its inventory.The firm is now expecting to have deployed more than 40,000 Bitcoin miners by the fourth quarter, and projects an operational hashrate of roughly 3.5 exahashes per second,
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Cathie Wood’s ARK Investment Management increased its holdings of the Grayscale Bitcoin Investment Trust (GBTC) by 2.14 million shares in the fourth quarter of 2020, bringing its holdings of the market-leading institutional bitcoin investment vehicle to 7.31 million shares. Source
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During the past three months that ended in December, Spotify paying subscribers saw a huge leap to close the year on a positive note.Spotify Technology SA (NYSE: SPOT) stock closed Wednesday trading at $317.25, after dropping approximately 8.06% during the day. Meanwhile, Spotify stock jumped approximately 1.02% during the premarket
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In the final quarter of 2020, PayPal gained 16 million in net new active accounts and handled $277 billion in total payment volume.The earnings are the payment giant’s first since rolling out crypto buying and selling late last year. It removed the waitlist for BTC, ETH, LTC and BCH to
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The largest public pension in the U.S. bought more RIOT shares for the first time since 2017. Source
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According to a press release on its earnings result, Thermo Fisher revenue grew by approximately 54% in the fourth quarter to $10.55 billion.Thermo Fisher Scientific Inc (NYSE: TMO) has reported its Q4 and full-year 2020 results. Having experienced an increased demand for its products, Thermo Fisher saw its revenue spike
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LVMH saw its business cramble last year amidst the COVID-19 pandemic as many governments across the world forced retail shops and businesses to close down.LVMH Moët Hennessy Louis Vuitton (EPA: MC) shares saw a 1.3% rise in the early trading session on January 27, after its fashion business brand Louis
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JPMorgan recorded a revenue of $30.16 billion in Q4, which exceeded analysts’ estimates of $28.7 billion.JPMorgan Chase & Company (NYSE: JPM) stock dropped approximately 2% to trade around $138.42 after reporting better than expected Q4 earnings results.The American multinational investment bank announced on Friday that it recorded earnings per share
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