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Coinbase reports rise on quarterly profit subscription strength

Coinbase Global reported a jump in second quarter profit on Thursday, as the cryptocurrency exchange earned more from its subscription and services model.

Net profit attributable to common stockholders rose to $1.43 billion, or $5.14 per share, in the three months ended June 30, compared with $36.13 million, or 14 cents apiece, a year earlier.

Source: CNA

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