(Reuters) -Coinbase Global posted a significant jump in profit in the first quarter, helped by an uptick in cryptocurrency trading following the launch of the first U.S.-listed exchange traded funds (ETFs) tracking bitcoin in January.

The company on Thursday reported a net income of $1.2 billion, or $4.84 per share, in the three months ended March 31, compared with a loss of $79 million or $0.34 per share a year ago.