Coinbase’s stock soars after crypto platform swings to profit, as ‘risk on’ activity resumes

Coinbase Global Inc. shares jumped 14% in the extended session Thursday after the crypto-trading platform swung to a quarterly profit and reported revenue well above Wall Street expectations, saying it benefited from “risk on” activity in the markets.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… Master your money. Subscribe to MarketWatch. Get this article and all of