Coinbase Q1 2024 earnings: number go up, with a bit of juicing (Patreon)

Coinbase’s numbers in its 10-Q for the first quarter of 2024 look much improved!

This is partly from some increased volume with the bitcoin price peak in March — but it’s also because GAAP accounting for cryptos changed to their great advantage.

Numbers go up! When you change how you count them.

This one is over at Amy’s.