Coinbase World Inc.’s fourth-quarter earnings greater than quadrupled as the most important U.S. cryptocurrency alternate benefited from a manic quarter that noticed bitcoin set a document earlier than dropping sharply.
For the fourth quarter, Coinbase had web earnings of $840 million, or $3.32 per diluted share, on web income of $2.5 billion, the corporate stated Thursday, in contrast with earnings of $177 million on web income of $497 million a 12 months earlier.