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).
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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.