(Coinbase) Coinbase posted a net income of $840 million or $3.32 per diluted share in the fourth quarter of 2021, an increase from a net income of $177 million in the prior year.
For the full year, net income rose to $3.624 billion, up from $322 million in 2020.
The net revenue in the fourth quarter was $2.490 billion, up from $497 million in the prior year. FY21 revenue was $7.36 billion, up from $1.141 billion in the prior year.
Coinbase reported that its monthly transacting users rose to $11.4 million in the fourth quarter, up from $2.8 million in the prior year.
The total trading volumes in the fourth quarter was $547 billion, up from $89 billion in the previous year.
The assets on Coinbase’s platform hit $278 billion in the fourth quarter, compared to $90 billion in the previous year.
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