Coinbase revenue tripled in Q1, plans to add bank-like services and to list DOGE
During the first quarter, Coinbase’s active users increased by 120% while trade volumes tripled. The first quarter revenue of leading U.S.-based crypto exchange, Coinbase, more than tripled its Q4 2020 performance.According to documents filed with the U.S. Securities and Exchange Commission, Coinbase generated earnings of $3.05 per share and total revenues of $1.8 billion. However, the firm fell slightly short of its expected $3.07 per share.By contrast, the company generated $585 million in revenue amid Bitcoin’s rally into new all-time highs during the fourth quarter of 2020, and just....
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Coinbase CEO Brian Armstrong says the exchange has been building subscription revenue streams for three years and will continue to do so into the long term. American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression.The firm’s founder and CEO Brian Armstrong delved into the long-term prospects of the American cryptocurrency exchange in a wide-ranging interview with CNBC’s Crypto World on Aug. 23. A key talking point was the potential of lower revenues from fees in the future and how the company plans to....
It’s official. Coinbase is the first company in the crypto space to break into the Fortune 500 list. And the exchange wasn’t on the tail-end either – it is currently listed as second in revenue growth at 514%, next to Moderna. Every company is anxious to get into the A-list, and Coinbase made it happen. […]
Coinbase Pro, the cryptocurrency exchange’s professional trading arm, has started accepting Dogecoin (DOGE) inbound transactions, paving the way for greater use of the meme-based digital asset. Coinbase Let Doge In The exchange said Tuesday afternoon that trading of DOGE will begin on Coinbase Pro on Thursday at 4:00 p.m. UTC, assuming liquidity conditions are met. […]
Bank of America has initiated coverage of Coinbase Global. The bank has identified several factors that could boost Coinbase’s revenue. Regarding the crypto exchange’s plan to become “the Amazon of crypto assets,” Bank of America says it is “still in very early stages of development.” Bank of America Awaits Concrete Signs of Progress Against Coinbase’s Long-Term Vision. Bank of America (Bofa) initiated coverage of Coinbase Global Inc. (Nasdaq: COIN) Friday. Jason Kupferberg, a senior equity research analyst at Bank of America Merrill Lynch, started....
Three Arrows Capital CEO Su Zhu is bullish on Dogecoin because it's easy to understand and captures the attention of “blue-collar traders.” Three Arrows Capital CEO Su Zhu has outlined a bullish thesis for Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE). Speaking on an Aug. 25 episode of “The Game Theory of Crypto Podcast”, Zhu stated that he’s ke on DOGE because the meme coin has captured more interest from “blue-collar” traders than any other crypto on the market.During the interview, Zhu pointed towards data from popular retail trading app Robinhood, which posted its second-quarter....