Coinbase – Data & Facts (2022)

Coinbase is an American cryptocurrency exchange platform. The company was founded in 2012 & is led by its co-founder & CEO Brian Armstrong. The company doesn’t maintains headquarters anywhere & all its employees work remotely.

According to its own website, the company has over 4900 employees. Today, we take a look at some of the interesting data & facts about Coinbase.

How many users does Coinbase have?

Coinbase has 89 million users at the end of 2021 financial year, which was 43 million in 2020 & 32 million in 2019.

Coinbase monthly transacting users stands at 11.4 million in the same period, which was 2.8 million in 2020 & 1 million in 2019.

Assets on Coinbase

Of all the assets held or managed on the Coinbase platform, 40% is bitcoin, 25% is ethereum & 31% are other crypto assets. The platform also manages 4% in Fiat assets as of December, 2021.

Coinbase Trading Volume

In the year ended December, 2021, total trading volume on Coinbase platform was $1.67 trillion, out of which $535 billion was retail volume & $1.13 trillion was institutional volume.

Trading Volume by Crypto asset

Of all the platform’s trading volume 24% was in bitcoin, 21% in ethereum, 3% in litecoin & 52% in other crypto assets.

Coinbase Financial Statements

  • Coinbase reported total revenues of $7.83 billion in 2021, which was $1.27 billion in 2020 & $533 billion in 2019.
  • Operating Income was $3.07 billion in the year ended Dec. 2021, which was $408 million in 2020 & $45 million in 2019.
  • Coinbase net income was $3.62 billion in 2021, which was $322 million in 2020 & $30 million in 2019.

Coinbase Balance Sheet

  • Coinbase has total assets of $21.2 billion, out of which $18.3 billion are current assets.
  • Coinbase has total cash of $7.12 billion, at the year ended Dec. 2021.
  • Coinbase’s total stock holder equity is $21.27 billion at the end of Dec, 2021.
  • At the end of Dec. 2021, Coinbase held total $988 million in crypto assets.

How Coinbase Makes Money?

Transaction Revenue

Most of the Coinbase’s revenue comes from the transaction fees from the trades that happen on platform. Out of its total $7.8 billion revenue, $6.8 billion came from transaction revenue.

Subscription and services revenue

Subscription revenue consists several thing like custodial fee revenue & interest income. The company earned $517 million through this revenue.

Coinbase FAQs

Who founded Coinbase?

Coinbase was founded by Brian Armstrong & Fred Ehrsam in San Francisco in 2012.

What is the net worth of Coinbase?

As of July, 2022, Coinbase networth stands at $14 billion.

Is Coinbase Safe?

Coinbase has over 98 million users at the end of Dec, 2021 & $1.7 trillion in trade volume. The company’s growth shows, the users trust in it.