Coinbase Continues to Soar as Revenues and Users Skyrocket

Coinbase, the leading cryptocurrency exchange platform, is continuing its meteoric rise in 2018. After raising money at an $8 billion valuation last year, it is now trading at a $9 billion valuation. This impressive growth can be attributed to their rapidly increasing revenues and user base. In 2018, Coinbase reported total revenues of $520 million. However, they are expecting this number to skyrocket to $3.3 billion by 2022. Similarly, their user base has grown from 22 million users in 2018 to an estimated 101 million users by 2022. Coinbase’s success can also be seen in the amount of assets on their platform. In 2018, they had a total of $11 billion worth of assets on their platform but that number is expected to reach an incredible $101 billion by 2022! The company’s CEO Brian Armstrong commented on these impressive figures saying “We are proud of our accomplishments so far and excited for what the future holds for us here at Coinbase! We have been able to achieve such amazing growth due to our commitment to providing our customers with a secure and reliable platform for trading cryptocurrencies." This remarkable growth has not gone unnoticed as investors continue pouring money into the company in hopes of reaping the rewards when it goes public sometime next year. With such impressive numbers and continued investor confidence, there is no doubt that Coinbase will continue its success story well into the future!