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Coinbase Reports Estimated Q1 Results: Total Revenue at $1.8 Billion, 56 Million Users In advance of its much-anticipated initial public offering (IPO), Coinbase has posted its Q1 results for 2021. For the quarter ending March 31st, 2021, Coinbase reports top-line revenue of $1.8 billion and 56 million verified users. Coinbase is the largest digital asset exchange in the US. Its ambitions expand beyond just crypto but also digital securities as well as other complementary services. In many ways, Coinbase is the retail and institutional investment platform of the future. The public float of i...

by Tyler Durden Tuesday, Apr 06, 2021 - 04:28 PM Pioneering cryptocurrency exchange Coinbase just blew away already lofty expectations Tuesday when it released quarterly financials and outlook for the first time, despite still being a private company, as the firm apparently sought to generate hype ahead of its IPO on the Nasdaq next week. Coinbase co-founder and CEO Brian Armstrong The firm reported about $1.8 billion in revenue, a 9x increase from the prior year, and a net income of $730M to $800M on an adjusted EBITDA of about $1.1 billion. In addition, the company boasted 56M verified user...