Coinbase Reports $1.8B Revenue For Q1 2021 – April 7

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,400

Bitcoin price is trickling down into the $57,000 range today, as volatility continues to remain low for the asset.

Top-20 altcoins have seen mixed results today, as Ethereum falls 2%, THETA gains 14% and Tron drops 15%.

Top Stories for April 7, 2021 πŸ”₯

πŸ‘‰ Coinbase Reports $1.8B Revenue For Q1 2021

US cryptocurrency exchange Coinbase has reported $1.8 billion in revenue for the first quarter of 2021 – more than the entire year of 2020.

The exchange’s trading volume for the quarter was $335 billion, which represented more than an eleven-fold increase from last year.

Coinbase is set to go live for public trading on the Nasdaq exchange on April 14.

πŸ‘‰ Ripple Granted Access To SEC Discussions On Crypto And Securities

Ripple Labs has won access to Securities and Exchange Commission (SEC) documents which involve the discussion of crypto assets and determining their security status.

The company appears to be seeking evidence of the SEC likening the XRP cryptocurrency to Bitcoin or Ether, which have managed to avoid being classed as a security.

Ripple is fighting allegations that the company behind the XRP token conducted an unregistered securities offering to distribute the cryptocurrency.

πŸ‘‰ Messaging App Signal Beta Testing Cryptocurrency Payments

Messaging app Signal, which has exploded in popularity this year, is currently beta testing a payments feature involving cryptocurrency.

MobileCoin is the crypto of choice involved in the feature, which is focused on privacy. The currency raised more than $11 million in a Series A funding round last month.