Coinbase Global Inc (NASDAQ:COIN) reports Q1 results, net revenue up 793% yr/yr, MTUs up 369%.
Reports Q1 Net Revenue of $1.6 bln, up 793% yr/yr. Net Income of $771 mln compared to $32 mln in year ago quarter. Monthly Transacting Users (MTU) of 6.1 mln from 2.8 mln last quarter and 1.3 mln in year ago quarter. Retail trading volume of $120 bln, up 275% from Q4.
Institutional trading volume of $215 bln, up 277% from Q4. Bitcoin accounted for 39% of trading volume, Ethereum 21% of the trading volume.
COIN stock is down another 2.67% in after-hours sessions after falling 6.53% in the regular session.