Crypto exchange Coinbase reported Q1 revenue of $773 million, exceeding analysts’ estimates of $655 million, according to FactSet, and up from Q4 revenue of $629 million. The company reported an adjusted loss of $0.34 per share, versus estimated loss of $1.45 per share and a narrowing from Q4’s loss of $2.45 per share. Trading volume came in at $145 billion versus estimates of $147.7 million for the quarter. Trading volume was roughly $146 billion in the fourth quarter. Shares of Coinbase were up about 8% to $53 in after-hours trading Thursday. Shares are up about 40% this year, with bitcoin’s rise of roughly 74% year to date.
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