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Coinbase Posts Strong Earnings Despite Dogecoin Trading Miss
Coinbase, the first publicly-listed crypto exchange, has published its Q1 2021 earnings report.
The largest US crypto exchange’s net profit for Q1 2021 surpassed $771 million, up fourfold from Q4 2020’s number of $177 million.
Revenue stood at $1.8 billion, beating the previous quarter’s $585 million. Alongside from the earnings figures, Coinbase also reported verified active users had risen to 56 million, up from 43 million the previous quarter.
In addition its monthly transacting users (MTUs) more than doubled from 2.8 million to 6.1 million. Coinbase’s trading volume also stood at $335 billion in Q1 2021, while its assets on platform was $223 billion.
Robotics company GreyOrange eyes $600 million via US listing
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ETtech
Illustration: Rahul Awasthi
GreyOrange, an Indian robotics company backed by Tiger Global, is evaluating a US listing to raise $500-600 million, people aware of the plan said.
The company is in early-stage discussions with investment banks JPMorgan, Bank of America and Morgan Stanley for the capital raising initiative, which is expected towards the end of the year or early next year.
The artificial intelligence robotics company may be valued at $1.5-1.7 billion, people with knowledge of the matter told ET. “The banks made presentations in the first week of the month. Talks are still exploratory,” said one official. No formal mandates have yet been given.
Fintech executive Keith Rabois putting in sweat equity hosting a Barry's Bootcamp workout in Miami where he moved with the mass 'tech exodus' during the pandemic.
Oracle co-founder Larry Ellison has moved from California s Silicon Valley to a Hawaiian island where he owns almost all of the land
The billionaire reported his relocation to the software giant s staff members on Monday, writing in a company-wide email that he would not follow the company s headquarters from Redwood City, Calif., to Austin, Texas.
The 76-year-old said that he ll be using the power of Zoom to communicate with employees, signing off Mahalo, Larry.”
Ellison, the world s 11th-richest person with a net worth of about $75 billion, owns about 98% of Lanai, according to Hawaii News Now.
Oracle CEO Larry Ellison introduces the Oracle Database In-Memory during a launch event at the company s headquarters in Redwood Shores, California, on June 10, 2014. REUTERS/Noah Berger