COINBASE IS SO BACK (IN PROFIT): STOCK JUMPS 11% AS CRYPTO EXCHANGE POSTS BULLISH RETURNS

Summary from the TLDR Crypto newsletter

Coinbase bounced back from losses in Q3 to report a better-than-expected Q4 largely driven by higher interest income on its stablecoin reserves and other products. The markets responded positively to these surprising income numbers and to the efficiencies created on expenses within the business. What was most interesting about this quarter’s report for Coinbase were the signs of retail volumes coming back with higher-than-expected volumes in that segment of the business.