Global missed analysts’ estimates for Q3 sales and profit, but there was a silver lining in rising interest income, and the crypto exchange’s shares ticked higher in after-hours trading.
Coinbase shares rose almost 4% to $57.89 at 6:19 New York time, after ending down 8% in the regular Thursday trading session. The figures were released after the market closed. Coinbase has a heavy complement of individual traders, whose business is much more lucrative than that of institutions and provides stability for the exchange in the long run.
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