Coinbase has achieved record revenue in the fourth quarter

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The total trading volume amounted to $547 billion

Coinbase has achieved record revenue in the fourth quarter

25.02.2022 - 14:15

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What’s new? The cryptocurrency exchange Coinbase generated $2,5 billion in revenue and $840 million in net profit in the fourth quarter of 2021. . The monthly active user base grew to 11,4 million.

Coinbase’s data

What data did the exchange provide? The total retail trading volume was $177 billion, up 90% from the previous quarter. The institutional trading volume was $371 billion, up 59% from the third quarter.

What do the exchange’s representatives say? Of all cryptocurrencies, BTC accounted for 16% of trading volume in the fourth quarter and 24% for the full year.

“In 2021, millions of new users joined the cryptoeconomy through Coinbase. We became the first publicly traded crypto asset trading platform. We made substantial progress in building a best-in-class infrastructure to enable easy, safe, and secure on-ramps and access into the global cryptoeconomy.”

Author:

Editorial GetBlock Magazine

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