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In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen.
Idrees Abbas | SOPA Images | Lightrocket | Getty Images
Shares of cryptocurrency exchange Coinbase soared 13% Friday in U.S. premarket trading after the company reported its first profit in two years.
Coinbase, the largest U.S. venue for buying and selling cryptocurrencies, said that net income totalled $273 million in the fourth quarter.
This is a breaking news story, and it is being updated.
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