The New Paper

April 7, 2021

Coinbase releases Q1 financials

Coinbase released Q1 financials ahead of its upcoming direct listing. The cryptocurrency exchange has 56M users, grew to $1.8B of revenue in Q1 (up ~9x year-over-year), and generated an estimated $730-800M of net income in the quarter. The company’s growth comes amid growing corporate, institutional, and individual adoption of cryptocurrencies (e.g. Bitcoin and Ethereum).
This story is from the April 7, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.