Nasdaq-listed cryptocurrency exchange Coinbase has significantly exceeded analysts' expectations in the fourth quarter of last year as it reported earnings of $1.04 per share, surpassing the expected $0.02 per share.
Leading trade groups are urging the U.S. Securities and Exchange Commission (SEC) to modify accounting rules that currently increase the cost for U.S. banks to hold digital assets on behalf of their customers.
In the final quarter of 2023, venture capital investment in crypto-related startups reached $1.9 billion, marking a slight increase of 2.5% from the previous quarter, according to PitchBook data.
Top stories in the Crypto Roundup today:
- Coinbase Smashes Q4 Earnings Estimates
- Banks Urge SEC to Ease Crypto Accounting Rules
- Crypto VC Investments Rebound in Q4 2023 With $1.9 Billion Invested
- Crypto Market Movers – VET, LCX, UMA