Coinbase significantly exceeded Wall Street's expectations for Q1 2024, reporting earnings per share (EPS) of $4.40, far surpassing the estimated $1.07. The cryptocurrency exchange also reported a revenue of $1.64 billion, beating the forecast of $1.32 billion. This performance was attributed to a surge in cryptocurrency prices which boosted trading volumes and profits, and net income benefited from $737 million in pre-tax crypto asset mark-to-market gains. Despite these strong results, Coinbase's stock experienced a 1% decline in after-hours trading.