Coinbase's revenue in the first quarter increased by 73% month-on-month to $1.6 billion, with a net profit of $1.18 billion

According to BlockBeats, on May 3, the crypto trading platform Coinbase's first-quarter revenue reached $1.6 billion, a 73% increase from the previous month and an approximately 115% increase from the previous year. Net profit was $1.18 billion (a loss of $79 million in the same period last year). Institutional trading revenue increased by 113% from the previous month to $85 million. Trading revenue for retail investors remained the main source of revenue, reaching $935.2 million. According to MarketWatch data, earnings per share were $4.04, exceeding the market's general expectation of $1.15 per share.