Coinbase fourth-quarter profit beats estimates on crypto trading boost

Written By Cheryl Moy

Feb 13 (Reuters) - Crypto exchange Coinbase (COIN.O), opens new tab beat estimates for fourth-quarter profit on Thursday, driven by higher trading volumes in bitcoin and other digital tokens following the U.S. election.

Unprecedented interest in crypto, fueled by Donald Trump's victory in the November presidential election, pushed bitcoin beyond $100,000 in the quarter as investors anticipated more crypto friendly policies under the new administration.

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Cheryl Moy
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