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 Q1 2022 was $1.16 billion.
| Year | Coinbase Revenue |
| 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 revenue for the second quarter of 2021 was $2.23 billion, with net income of $1.61 billion in the quarter. Coinbase reported adjusted EBITDA of $1.1 billion in the Q2 2021.
According to Coinbase’s Q1 earnings results, Coinbase revenue for the first quarter of 2021 was $ 1.8 billion, with net income between $ 730 and $ 800 million. Coinbase’s revenue in Q1 2021 nine-folded from $190.6 million last year.
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 2022 was $309 billion. For the full year 2021, the company’s trading volume was $1,671 billion.
| Year | Total Trading Volume |
| 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 management for the second quarter of 2021 was $180 billion.
Coinbase User Statistics
Coinbase’s number of verified users for Q1 2022 was 98 million.
| Year | Coinbase Users |
| 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 |
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.
| Year | Coinbase Monthly Active Users |
| Q1 2022 | 9.2 million |
| Q4 2021 | 11.4 million |
| Q3 2021 | 7.4 million |
| Q2 2021 | 8.8 million |
| Q1 2021 | 6.1 million |
| 2020 | 2.8 million |
| 2019 | 1 million |
| 2018 | 0.7 million |
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