(Reuters) – Coinbase Global posted a sizable jump in profit in the first-quarter, helped by an uptick in cryptocurrency trading following the launch of the first U.S. spot bitcoin exchange-traded funds in January.
The company on Thursday reported a net income of $1.2 billion in the three months ended March 31, compared with a loss of $79 million or $0.34 per share a year ago.
(Reporting by Hannah Lang in New York; Editing by Chris Reese)
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