.Coinbase reported $773 million in Q1 revenue, with a percentage of that coming from interest on $USDC. 'The real reason is driven by short-term interest rates,' Compass Point Research analyst Chase White explains. Watch more:
Crypto exchange Coinbase reported Q1 revenue of $773 million, exceeding analyst estimates of $655 million, according to FactSet, and up from Q4 revenue of $629 million.
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