Coinbase posted its strongest quarter of earnings in over a year in Q4, as crypto prices and trading surged after the election of US President Donald Trump. Coinbase’s Feb. 13 financial results show the firm hit total revenue of $2.
President Donald Trump has adopted Silicon Valley’s mantra of “move fast and break things,” leaving uncertain companies grappling with a potentially expanding trade war, slews of executive orders, and no end of legal questions.
It’s not just Coinbase Global Inc.’s stock that has soared following Donald Trump’s election victory. A Coinbase convertible bond has mirrored the crypto-trading portal’s postelection stock surge, according to the latest data from data-solutions provider BondCliQ Inc.
The head of Coinbase says that the proceedings by the US Securities and Exchange Commission (SEC) against his company are over. But this is not confirmed yet.
S&P 500, Dow and Nasdaq end up after Trump holds off on reciprocal tariffs, avoiding a trade war that could slow the economy and fan inflation.