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

Founded DateJune 2012
FoundersBrian Armstrong, Fred Ehrsam
HeadquarterWilmington, Delaware, US
Number of Employees3000+
Crunchbase ProfileProfile Link

Coinbase Revenue Statistics

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

YearCoinbase Revenue
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 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.

YearCoinbase 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)
YearTotal 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 Q1 2022 was 98 million.

YearCoinbase Users
202298 million
202156 million
202035 million
201930 million
201822 million
201713 million
20165 million
20152 million 
20141 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.

YearCoinbase Monthly Active Users
Q1 20229.2 million
Q4 202111.4 million
Q3 20217.4 million
Q2 20218.8 million
Q1 20216.1 million
20202.8 million
20191 million
20180.7 million

Written by Sophie Blake


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