Coinbase shares rose as much as 2.1% in extended trading Tuesday after reporting second-quarter revenue that was stronger than analysts had expected.
Here’s how the largest cryptocurrency exchange in the U.S. did versus expectations per Refinitiv estimates:
Revenue: $2.23 billion vs. $1.78 billion expected.
Earnings: $3.45 per share, adjusted, which excludes stock-based compensation benefits vs. $2.33 expected.
The company’s net profit for the quarter was $1.6 billion, up nearly 4,900% from a year earlier, following a volatile stretch of trading for cryptocurrencies.
What do you think about this?

What happens when the Bitcoin source runs out and there is nothing to mine? Why do the machines leave their capacity to sustain the mining? Currently, the reward for miners is the transaction cost, and in the future this will be the overall benefit of the miners. But does this account have enough for the miners to cover the cost of the tools and their main income?