Earnings Report News

USDT issuer Tether set a new record after making $4.5 billion in net profits during the first quarter of 2024. 

To regain its sky-high valuation, Coinbase must quickly re-accelerate user and revenue growth, not just cut costs to pad profits.

Robinhood Q2 results showed a profit for the first time since going public, but crypto revenue declined in the same quarter. Robinhood’s revenue from cryptocurrency transactions fell 18% to $31 million, according to a quarterly report released on Aug. 2.…

Payments firm Square announced a $125 million in revenue from Bitcoin through its mobile payments service, CashApp. Square entered the crypto space, much to the dismay of traditional players, and have established themselves as a strong brand capable of understanding…