Statistics on Coinbase Revenue and Usage

 
Coinbase has been the leader in cryptocurrency since it was founded in 2012 and is the biggest trading platform in the United States by volume.

Although most people think of it as a storage and exchange service in the case of Bitcoin, Coinbase also offers many different fiat and crypto exchanges.

Before Bitcoin increased in value, Coinbase integrated its payment processing capabilities into Stripe, Braintree, and PayPal, as well as partnership agreements with merchants that included Dell, Expedia, and Time Inc.

The year 2017 was viewed as the year of significant change for cryptocurrency and Coinbase, which introduced a variety of new coins to its exchange and surpassed $1 billion in sales.

Coinbase has been the subject of several accusations, such as charging customers too much for transactions and failing to make cryptocurrency available at the right time. The company was also forced to provide information about traders who owned large amounts of cryptocurrency in the United States to the IRS.

It was a different time for cryptocurrency in 2021. Bitcoin's value exploded from $5,500 to $7,500 through the majority of 2020 until it reached a high of $40,027 on February 19. The price dropped significantly in 2022, with Bitcoin and the whole cryptocurrency value falling dramatically.

Coinbase became public in 2021; however, its value has been a bit dependent on the price of Bitcoin, which has led to the value of Coinbase declining steadily through 2022.

As for competitors, Coinbase is not the largest cryptocurrency exchange in the world and is thought to be more than a good choice for beginners to trade. However, Binance was established in 2017 and had the highest trade volume globally, primarily due to Asian trading.

Coinbase competes on the amateur side with Square's Cash App and Robinhood in the US. Both provide trading in cryptocurrency. The other option is Europe; Revolut has also started providing similar services to Coinbase.

We've gathered information and figures on Coinbase. Check out the following article to find out more.

Coinbase key statistics

• Coinbase produced $7.8 billion in revenues in 2021, a 50% increase over the previous year.
• Coinbase has 98 million customers all over the world. 8.8 million active users trade each month
• The company also had net earnings of $3 billion, significantly improving from the $108 million it earned in 2020.
• Coinbase boasts $223 billion of assets under its management.
  
  

Coinbase overview

Coinbase revenue

The Coinbase revenue exploded in 2021, going from $1.2 billion at the end of 2020 and $7.8 billion by 2021, an increase of 550.

Coinbase quarterly revenue from 2020 until 2022 ($mm)

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The annual revenue of Coinbase from 2017 until 2021 ($mm)

Coinbase profit

Coinbase reported a $3 billion net income in 2021. This is far more than the $108 million it posted in 2020.

The annual net income of Coinbase, 2017-2021 ($mm)

Coinbase users

Coinbase has reported the number of registered users at 98 million in the early 2022 timeframe, which is 42 million more than the same period in the previous year, though most were added in 2021.

The annual Coinbase users from 2014 until 2022 (mm)

Coinbase Monthly active customers

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Nearly nine million users were engaged more than once per month on Coinbase in 2021. However, we anticipate that this number will decrease by 2022.

The monthly active users of Coinbase for up to 2021 (mm)

Coinbase valuation

Coinbase had a valuation of about $65 billion when it went public in its IPO; however, that valuation has fallen to less than the value in 2022.

Coinbase value 2017-2022 ($bn)

Assets of Coinbase under management

Coinbase had assets of $223 billion under its management in 2021. an increase of 519% over the previous year.

Annual assets under management at Coinbase from 2018-2021 ($bn)

Coinbase transaction volume

Coinbase surpassed $1 trillion in transactions in 2021. That's more than eight times what it was able to handle in 2020.

Coinbase annual transaction volume, 2017 until 2021 ($bn)

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Coinbase vs. competitors: revenue

Conclusion

That's all I have for this list of Coinbase statistics for 2022.

Coinbase is enjoying the crypto wave and is attracting increasing users and trading activity. However, as cryptocurrency becomes more popular, more competitors emerge.

Here's what I'd like to get in touch with you about:

Do you believe Coinbase will continue its growth rate? What do you think the IPO influence the company's growth?

I'd also love to hear what you think I've not covered something. Also, if you have any queries about the statistics, I've provided them.

Comment below me and get your message.

Coinbase FAQ

What is Coinbase 24 hour peak trading volume?

On January 11, 2021, Coinbase reached $9.56 billion in a volume of exchange, 57.9 percent higher than the previous high ( Block Crypto)

What percentage of merchants accept Bitcoin payment via Coinbase?

Coinbase accepts over 8000 merchants as a payment method. Coinbase also has the company's individual Visa debit card for Europe and the US.

What number of countries is Coinbase offered in?

Coinbase is available in over 100 countries and boasts more than 115,000 ecosystem partners.