Sophie Blake
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
| Founded Date | June 2012 |
| Founders | Brian Armstrong, Fred Ehrsam |
| Headquarter | Wilmington, Delaware, US |
| Number of Employees | 3000+ |
| Crunchbase Profile | Profile Link |
Coinbase Revenue Statistics
Coinbase revenue for the last quarter of 2024 was $2,195 million, an increase of 113% quarter-over-quarter.
| Year | Coinbase Revenue |
|---|---|
| Q3 2024 | $2,195 million |
| Q3 2024 | $1,128 million |
| Q2 2024 | $1,379 million |
| Q1 2024 | $1,588 million |
| Q4 2023 | $905 million |
| Q3 2023 | $623 million |
| Q2 2023 | $663 million |
| Q1 2023 | $736 million |
| Q4 2022 | $605 million |
| Q3 2022 | $576 million |
| Q2 2022 | $803 million |
| Q1 2022 | $1.16 billion |
| Q4 2021 | $2.49 billion |
| Q3 2021 | $1.31 billion |
| Q2 2021 | $2.23 billion |
| Q1 2021 | $1.8 billion |
| 2020 | $1.14 billion |
| 2019 | $483 million |
| 2018 | $520 million |
| 2017 | $927 million |
| 2016 | $16 million |
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.
| Year | Coinbase Valuation |
| 2021 | $86 billion |
| 2020 | $28 billion |
| 2019 | $8 billion |
| 2018 | $1.6 billion |
- 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)
| Year | Total Trading Volume |
|---|---|
| Q1 2023 | $145 billion |
| Q4 2022 | $145 billion |
| Q3 2022 | $159 billion |
| Q2 2022 | $217 billion |
| Q1 2022 | $309 billion |
| Q4 2021 | $547 billion |
| Q3 2021 | $327 billion |
| Q2 2021 | $462 billion |
| Q1 2021 | $335 billion |
| 2020 | $195 billion |
| 2019 | $130 billion |
| 2018 | $105 billion |
| 2017 | $135 billion |
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 the end of 2024 was 105 million.
| Year | Coinbase Users |
| 2024 | 105 million |
| 2023 | 95 million |
| 2022 | 98 million |
| 2021 | 56 million |
| 2020 | 35 million |
| 2019 | 30 million |
| 2018 | 22 million |
| 2017 | 13 million |
| 2016 | 5 million |
| 2015 | 2 million |
| 2014 | 1 million |
In 2024, Coinbase reported 10.8 million monthly active users (or monthly transacting users), more than double the average number of active users it had in 2023.
| Year | Coinbase Monthly Active Users |
| 2024 | 10.8 million |
| 2023 | 5.5 million |
| 2022 | 6.8 million |
| 2021 | 8.8 million |
| 2020 | 2.8 million |
| 2019 | 1 million |
| 2018 | 0.7 million |
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