TechFlow news — Exchange platform Coinbase released its quarterly report, stating that it expects to have reached 56 million verified users in the first quarter, with 6.1 million monthly transacting users (MTUs). Assets on the platform amounted to $223 billion during the quarter, capturing an 11.3% share of the crypto market, of which $122 billion came from institutional clients. Trading volume reached $335 billion, with total revenue approximately $1.8 billion, net income between $730 million and $800 million, and adjusted EBITDA around $1.1 billion. Additionally, the report forecasts average revenue per user will reach a record high.
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