Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1
Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.
Earnings
Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts
The positive momentum seen in the first quarter has continued, with the platform taking in a record $5 billion in deposits in April, the analysts said.
Robinhood’s Q1 Crypto Trading Volume Surged 224% as SEC Action Looms
The popular trading platform also beat first quarter revenue and earnings estimates.
Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts
The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.
Robinhood Shares Jump in Premarket Trading After Blowout February Activity Levels
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
Bitcoin Miner Marathon’s Sales Beat Fails to Impress Wall Street
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
JPMorgan Analyst Criticizes Coinbase’s Lack of Insights Into Its ETF Business
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs).
Coinbase Analysts Turn More Bullish on Crypto Exchange After Earnings Beat; Shares Climb
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said.
Coinbase Shares Surge After It Crushes Wall Street Expectations
Coinbase CEO Brian Armstrong (CoinDesk)