{"id":321188,"date":"2021-08-11T04:34:31","date_gmt":"2021-08-11T01:34:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbases-q2-profits-top-1-6b-as-eth-volume-surpasses-btcs-for-the-first-time\/"},"modified":"2021-08-11T04:34:31","modified_gmt":"2021-08-11T01:34:31","slug":"coinbases-q2-profits-top-1-6b-as-eth-volume-surpasses-btcs-for-the-first-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbases-q2-profits-top-1-6b-as-eth-volume-surpasses-btcs-for-the-first-time\/","title":{"rendered":"# Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC\u2019s for the first time"},"content":{"rendered":"

“# Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC\u2019s for the first time <\/strong>”
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Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. <\/p>\n

Coinbase posted<\/a> its Q2 report on Aug. 10 and the crypto exchange\u2019s revenue beat analyst predictions \u2014 with industry standard financial estimators Refinitiv forecasting $1.78 billion in expected revenue for the firm. Coinbase\u2019s earnings per share came in at $3.45, compared to estimates of $2.33. <\/p>\n

The trading platform posted a net profit of $1.6 billion in Q2, a whopping increase of 4,900% compared to the $32 million recorded in the same period in 2020.<\/p>\n

For the first time in Coinbase\u2019s nine-year history, ETH flipped BTC in trading volume, with the assets representing 26% and 24% of total volume respectively. BTC trading volume declined 39% compared to Q1, while ETH increased 23% within that time frame. <\/p>\n

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Interesting data point from the @Coinbase<\/a> Q2 results – ETH trading now bigger share than BTC trading. pic.twitter.com\/a01JN2kHmx<\/a><\/p>\n

\u2014 Boris Wertz (@bwertz) August 10, 2021<\/a><\/p><\/blockquote>\n