COINBASE revenue +1,152% in ONE YEAR
Here are the numbers:
Revenue: $2.23 billion vs. $1.78 billion estimated Earnings: $3.45 per share, adjusted, which excludes stock-based compensation benefits vs. $2.33 estimated
Coinbase posted record $2 billion profits and revenues for the three months ended on June 30.
11/ At @Coinbase, we will do everything we can to help you – and our 60+ million users – be heard, and to ensure that government decisions globally are made in a thoughtful way.— Brian Armstrong (@brian_armstrong) August 10, 2021
$COIN shares dropped as much as 1.36% in extended trading Tuesday on warnings of lower trading volume later this year and as Infrastructure Bill spoils the party.
Ethereum surpasses Bitcoin in trading volume for the first time on Coinbase platform.
Analysts estimated Coinbase was going to do $382 billion in trading volume for Q2.— Pomp 🌪 (@APompliano) August 10, 2021
The company actually did $462 billion.
Coinbase's revenue rose more than 1,100% in just one year.
Coinbase falls after hours on earnings— Sharp street trading (@SharpStreetCap) August 10, 2021
Just as Cramer was getting close to break even
Tough scene pic.twitter.com/6B43ipOWgh
The company also reported a spike in user activity, up 44% from Q1, total base of verified users climbing to 68 million.
Went on CNBC and explained that everyone is underestimating Coinbase and Bitcoin, along with why AMC should bitcoin on their balance sheet.— Pomp 🌪 (@APompliano) August 10, 2021
Slowly, but surely, we continue to show the world why this is the most important technology.
Coinbase has benefited from the global crypto adoptions as many tech giants are jumping on the crypto bandwagon.
Number of Coinbase users:— Jon Erlichman (@JonErlichman) August 10, 2021
Aug 2021:68 million
May 2021: 56 million
Dec 2020: 43 million
Jul 2019: 30 million
Sep 2018: 25 million
Sep 2017: 10 million
Jan 2017: 5 million
Jul 2015: 2 million
Feb 2014: 1 million
Dec 2013: 500,000
Jan 2013: 30,000
Ethereum accounting for 26% of trading volume versus 24% for Bitcoin
Coinbase's Q2 Financial results have been released:— Bloqport (@Bloqport) August 10, 2021
- $2B net revenue
- $1.9B in transaction revenue
- $462 billion in volume
- 9M new verified users
Coinbase reported $180 billion in assets which is 11.2% of the total market cap of crypto assets. $COIN pic.twitter.com/jrmk4Xc3Q8
The management also noted it now has over 9,000 institutional customers and mentioned that Sotheby's auction house had settled its first transaction in crypto thanks to a collaboration with Coinbase.
How it started → How it’s going:— Coinbase (@coinbase) July 14, 2021
11 years ago we got excited about Bitcoin pizza and now we're celebrating the sale of a $12.3M diamond. We're proud to facilitate @Sothebys groundbreaking auction and help the cryptoeconomy evolve.
Learn more → https://t.co/hdyVxOQ3ql pic.twitter.com/qMdI7cB6TG
Coinbase CEO Brian Armstrong:
5/Our goal here is simply parity with traditional finance. We should ensure that true brokers report tax info, but every other crypto ecosystem participant (of which there are many, with new ones being created all the time) are not penalized.— Brian Armstrong (@brian_armstrong) August 10, 2021