Coinbase Revenue and User Statistics (2023)

Coinbase, one of the crypto exchanges you can use to buy cryptocurrencies, has millions of users with billions of dollars worth of transactions and allows transactions to be made through many different cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin. In this article you’ll find the most up-to-date statistics on Coinbase, including its revenue, valuation, net income, and active users.

Company Overview

Coinbase Revenue Statistics

Coinbase revenue for the first quarter of 2023 was $736 million, an increase of 22% quarter-over-quarter.

• Coinbase announced on June 15, 2023, that it would repurchase $64.5M of its 0.50% convertible senior notes due 2026 for ~$45.5M in cash. The transaction represents an ~29% discount to par value. The repurchases are expected to close on or about June 20, after which ~$1.37B of the notes will remain outstanding. (Seeking Alpha)

Coinbase IPO Valuation: Coinbase went public on April 14 and it was valued at $86 billion at the end of its Nasdaq debut. Coinbase’s stock opened at $381 per share, up 52.4% from a reference price of $250 per share though only 10.9% above the $343.58 volume-weighted average price Coinbase’s shares were trading at privately in the first quarter of 2021.

• Coinbase trading volume for the first quarter of 2023 was $375 billion. Consumer transaction revenue was $352 million in Q1 2023, an increase of 14% Q/Q, and institutional transaction revenue was $22 million, up 67% Q/Q. (Coinbase)

Coinbase assets under custody for the first quarter of 2023 was $52.3 billion, up 25% quarter-over-quarter.

Coinbase User Statistics

Coinbase’s number of verified users for Q1 2022 was 98 million.

Coinbase monthly active users (monthly transacting users) for the first quarter of 2022 was 9.2 million, n, a decrease of 2.2 million or 19% compared to Q4.