隨著加密貨幣交易激增，Coinbase 利潤飆升至十億美元

2022 年第一季度，Coinbase 實現了重大財務扭虧為盈，淨利潤達到 12 億美元，扭轉了一年前的虧損。利潤大幅成長主要源自於基於比特幣的交易所交易基金（ETF）的推出推動了交易活動的增加。

Coinbase Surges to Billion-Dollar Profit Amidst Cryptocurrency Trading Surge

加密貨幣交易激增，Coinbase 利潤飆升至十億美元

New York, April 14, 2022 - Coinbase Global, the leading cryptocurrency exchange platform in the United States, has announced a remarkable turnaround, posting a first-quarter profit of over $1 billion, reversing a loss incurred in the same period last year. This significant upswing is largely attributed to the rise in cryptocurrency trading activities following the launch of the first U.S.-listed exchange-traded funds (ETFs) tracking the price of Bitcoin in January.

紐約，2022 年 4 月 14 日——美國領先的加密貨幣交易平台 Coinbase Global 宣布扭虧為盈，第一季利潤超過 10 億美元，扭轉了去年同期的虧損。這一顯著上升很大程度上歸因於 1 月推出第一隻追蹤比特幣價格的美國上市交易所交易基金 (ETF) 後加密貨幣交易活動的增加。

According to the company's financial report released on Thursday, Coinbase generated a net income of $1.2 billion, equivalent to $4.84 per share, for the three-month period ending March 31, 2022. This marked a significant improvement compared to the $79 million loss, or $0.34 per share, recorded during the first quarter of 2021.

根據該公司週四發布的財務報告，Coinbase 在截至2022 年3 月31 日的三個月期間實現淨利潤12 億美元，相當於每股4.84 美元。著改善。

Despite Coinbase's strong financial performance, the company's shares experienced a 2.5% decline in after-hours trading. This downward movement has been attributed to concerns among investors regarding a potential decrease in trading volumes as the price of Bitcoin has recently declined.

儘管 Coinbase 的財務表現強勁，但該公司股價在盤後交易中下跌了 2.5%。這種下跌趨勢歸因於投資者擔心隨著比特幣價格最近下跌，交易量可能會減少。

"While Coinbase's report is undoubtedly solid, the stock has traded lower after hours due to concerns that trading volumes may decline based on the downward trajectory of Bitcoin's price," stated Paul Marino, Chief Revenue Officer at GraniteShares, an investment firm.

投資公司GraniteShares 首席營收長 Paul Marino 表示：「雖然Coinbase 的報告無疑是可靠的，但由於擔心交易量可能會因比特幣價格的下跌軌跡而下降，該股在盤後交易中走低。

The surge in cryptocurrency prices, particularly Bitcoin, can be traced back to the approval granted by the U.S. Securities and Exchange Commission (SEC) in January for the launch of spot Bitcoin ETFs. These ETFs are designed to track the price of Bitcoin in real-time, thereby facilitating access for mainstream investors.

加密貨幣（尤其是比特幣）價格的飆升可以追溯到美國證券交易委員會（SEC）1月批准推出現貨比特幣ETF。這些 ETF 旨在即時追蹤比特幣的價格，從而為主流投資者提供便利。

Coinbase serves as the custodian for several of these spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust. The excitement surrounding these ETFs propelled Bitcoin to a record high of over $72,000 in March, fueling renewed investor enthusiasm in digital assets.

Coinbase 擔任多個現貨比特幣 ETF 的託管人，其中包括貝萊德的 iShares Bitcoin Trust。圍繞著這些 ETF 的興奮推動比特幣在 3 月創下超過 72,000 美元的歷史新高，重新激發了投資者對數位資產的熱情。

The surge in trading activity on Coinbase's platform is evident in the reported trading volumes of $312 billion for the first quarter of 2022, a substantial increase compared to $145 billion during the corresponding period last year.

Coinbase 平台上交易活動的激增從報告的 2022 年第一季交易量 3,120 億美元中可見一斑，與去年同期的 1,450 億美元相比大幅增長。

"Maintaining a low cost structure while continuing to invest in innovation has proven highly beneficial," said Brian Armstrong, CEO of Coinbase, during a call with analysts.

Coinbase 執行長 Brian Armstrong 在與分析師的電話會議上表示：“事實證明，在繼續投資創新的同時保持低成本結構非常有益。”

However, the buoyancy of Bitcoin has been dampened in recent weeks as investors have recalibrated their expectations regarding interest rates. The U.S. Federal Reserve (Fed) maintained its benchmark interest rate on Wednesday after implementing an aggressive monetary tightening policy. The Fed indicated its inclination towards eventual reductions in borrowing costs but emphasized the disappointing inflation data, which may necessitate postponing such rate cuts.

然而，隨著投資者重新調整對利率的預期，比特幣的上漲最近幾週受到抑制。聯準會(Fed)在實施激進的貨幣緊縮政策後，週三維持基準利率不變。聯準會表示傾向於最終降低借貸成本，但強調令人失望的通膨數據，這可能需要推遲降息。

The increase in interest rates has benefited Coinbase by boosting its interest income. The company earns interest on reserves from USD Coin (USDC), a stablecoin jointly managed by Coinbase and Circle, a cryptocurrency firm. USDC is designed to maintain a relatively stable price and is backed by equivalent assets held in financial institutions and banks.

利率的上升使 Coinbase 受益，增加了利息收入。該公司透過 USD Coin (USDC) 賺取儲備利息，USDC 是由 Coinbase 和加密貨幣公司 Circle 共同管理的穩定幣。 USDC 旨在維持相對穩定的價格，並得到金融機構和銀行持有的等值資產的支持。

In the first quarter of 2022, Coinbase reported interest and finance fee income of $66.7 million, a notable increase from the $43.3 million recorded in the same period last year.

2022 年第一季度，Coinbase 報告的利息和財務費用收入為 6,670 萬美元，較去年同期的 4,330 萬美元大幅增加。