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FILE PHOTO: People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/File Photo
Coinbase Global Inc reported a more than 1,500% jump in quarterly trading volumes on Tuesday, as the U.S. cryptocurrency exchange consolidated its huge expansion at the start of this year and a surge in bitcoin trades continued well into the quarter.
Coinbase's trading volumes stood at $462 billion for the quarter ended June 30, compared to $28 billion in the year-ago period.
The crypto exchange posted a net income attributable to common shareholders of $1.59 billion, or $6.42 per share, for the quarter ended June 30.
(Reporting by Sohini Podder in Bengaluru; Editing by Shailesh Kuber) ((Sohini.Podder@thomsonreuters.com;))