Coinbase’s stock soars 7% after crypto platform swings to profit

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Coinbase Global Inc. shares jumped 7% in the extended session Thursday after the crypto-trading platform swung to a quarterly profit and reported revenue well above Wall Street expectations.

Coinbase COIN earned $273 million, or $1.04 a share, in the fourth quarter, versus a loss of $557 million, or $2.46 a share, in the year-ago quarter.

Sales…

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