Point Roberts, WA and Delta, BC – August 11, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 651: Stocks discussed: (NasdaqGS: COIN) (NasdaqGS: RIOT) (CSE: BIGG)
Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:RIOT) (CSE:BIGG)
Coinbase (NasdaqGS:COIN) released a shareholder letter giving results for its second quarter 2021. The company saw a 44 percent increase in retail monthly transacting users (MTUs) to 8.8 million, generated $2.0 billion in net revenue, including $1.9 billion in transaction revenue and over $100 million in subscription and services revenue. An excerpt from the letter’s Closing Thoughts portion reads:
Q2 was a strong quarter for Coinbase with a record number of users engaging more deeply in our products and services. A recent survey from the University of Chicago suggests 13% of Americans have traded crypto assets in the last year compared to 24% for stocks. These adoption trends paired with recent government attention on crypto as a revenue source suggests we have reached an inflection point. Crypto has arrived.