Coinbase Revenue and User Statistics (2021)

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 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.

YearCoinbase Revenue
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

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.

YearCoinbase Valuation
2021$86 billion
2020$28 billion
2019$8 billion
2018$1.6 billion

Coinbase net income for the second quarter of 2021 was $1.6 billion. 

YearCoinbase Net Income
Q2 2021$1.6 billion
Q1 2021$730 million

Coinbase trading volume for the second quarter of 2021 was $462 billion, up 38% compared to the first quarter. Approximately 24% of its Q2 total trading volume was concentrated in Bitcoin, down from 39% in Q1. 

In July 2021, total trading volume was $57 billion. Coinbase expects total Trading Volume will be lower in Q3 2021 as compared to Q2.   

YearTotal Trading Volume
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 Q2 2021 was 68 million.

YearCoinbase Users
Q2 202168 million
Q1 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 second quarter of 2021 was 8.8 million, up 44% from Q1 2021.

YearCoinbase Monthly Active Users
Q2 20218.8 million
Q1 20216.1 million
20202.8 million
20191 million
20180.7 million

Written by Sophie Blake

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