Coinbase’s second-quarter revenue surges on crypto trading resurgence

(Reuters) – Coinbase reported a rise in second-quarter revenue as trading volumes at the cryptocurrency exchange rebounded, thanks to market enthusiasm over easing regulatory hurdles.

The company’s net income for the three months ended June 30 was $1.38 billion, compared with $662.5 million a year earlier.

(Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath)

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