随着加密货币交易激增，Coinbase 利润飙升至十亿美元

2022 年第一季度，Coinbase 实现了重大财务扭亏为盈，净利润达到 12 亿美元，扭转了一年前的亏损。利润大幅增长主要源于基于比特币的交易所交易基金（ETF）的推出推动了交易活动的增加。

Coinbase Surges to Billion-Dollar Profit Amidst Cryptocurrency Trading Surge

加密货币交易激增，Coinbase 利润飙升至十亿美元

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.

纽约，2022 年 4 月 14 日——美国领先的加密货币交易平台 Coinbase Global 宣布扭亏为盈，第一季度利润超过 10 亿美元，扭转了去年同期的亏损。这一显着上升很大程度上归因于 1 月份推出第一只追踪比特币价格的美国上市交易所交易基金 (ETF) 后加密货币交易活动的增加。

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.

根据该公司周四发布的财务报告，Coinbase 在截至 2022 年 3 月 31 日的三个月期间实现净利润 12 亿美元，相当于每股 4.84 美元。这与 7900 万美元的亏损相比有了显着改善。每股 0.34 美元，记录于 2021 年第一季度。

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.

尽管 Coinbase 的财务业绩强劲，但该公司股价在盘后交易中下跌了 2.5%。这种下跌趋势归因于投资者担心随着比特币价格最近下跌，交易量可能会减少。

"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.

投资公司 GraniteShares 首席营收官保罗·马里诺 (Paul Marino) 表示：“虽然 Coinbase 的报告无疑是可靠的，但由于担心交易量可能会因比特币价格的下跌轨迹而下降，该股在盘后交易中走低。”

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.

加密货币（尤其是比特币）价格的飙升可以追溯到美国证券交易委员会（SEC）1月份批准推出现货比特币ETF。这些 ETF 旨在实时跟踪比特币的价格，从而为主流投资者提供便利。

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 担任多个现货比特币 ETF 的托管人，其中包括贝莱德的 iShares Bitcoin Trust。围绕这些 ETF 的兴奋推动比特币在 3 月份创下超过 72,000 美元的历史新高，重新激发了投资者对数字资产的热情。

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 平台上交易活动的激增从报告的 2022 年第一季度交易量 3120 亿美元中可见一斑，与去年同期的 1450 亿美元相比大幅增长。

"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 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 在与分析师的电话会议上表示：“事实证明，在继续投资创新的同时保持低成本结构非常有益。”

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，随着投资者重新调整对利率的预期，比特币的上涨最近几周受到抑制。美联储(Fed)在实施激进的货币紧缩政策后，周三维持基准利率不变。美联储表示倾向于最终降低借贷成本，但强调令人失望的通胀数据，这可能需要推迟降息。

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。该公司通过 USD Coin (USDC) 赚取储备利息，USDC 是由 Coinbase 和加密货币公司 Circle 共同管理的稳定币。 USDC 旨在维持相对稳定的价格，并得到金融机构和银行持有的等值资产的支持。

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 报告的利息和财务费用收入为 6670 万美元，较去年同期的 4330 万美元大幅增长。