Nasdaq-listed cryptocurrency exchange Coinbase has reported a strong first quarter of the year, with total revenue surging to $1.6 billion and net income reaching $1.2 billion. The exchange’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed to $1 billion.
Financial services firm Block has reported first-quarter earnings that beat analysts’ expectations and revealed it’s set to allocate 10% of its gross profit from Bitcoin products to monthly BTC purchases.
Online payments giant PayPal is partnering with MoonPay to provide its more than 420 million customers with greater access to the crypto space, with the collaboration allowing its users to buy, sell, and hold over 100 cryptocurrencies directly through their PayPal accounts.
Top stories in the Crypto Roundup today:
- Coinbase’s Q1 Revenue Surges 71% to $1.6B
- Jack Dorsey’s Block to Allocate 10% of Bitcoin Profits to Monthly BTC Purchases
- PayPal Teams Up with MoonPay to Expand Crypto Offerings
- Crypto Market Movers – PRO, ABT, BONK