Coinbase’s 2018 Revenue Is 60% Less Than Projected by the Firm: Report
Helen Partz's original article for cointelegraph.com reduced by 51%
Major global crypto exchange Coinbase reportedly saw around $520 million in revenue last year, Reuters reported on April 18. The publication calculated the sum by looking at a filing to Britain's corporate registry last week showing Coinbase's non-U.S. revenue equaled around 154 million euros, noting that a Coinbase executive once stated that the non-U.S.
revenue is equal to almost one third of the overall revenue. Based on Reuters' calculations of Coinbase's 2018 revenue, the crypto exchange has generated 60% less than its stated plans. In late October 2018, Bloomberg published an article claiming that Coinbase had projected that it would see $1.3 billion in revenue in 2018.
In January 2018, industry sources reported that Coinbase made about $1 billion in revenue in 2017, overshooting its forecast for that year by 66 percent. The Cointelegraph team has not found any official data from Coinbase about its revenue for either 2017 or 2018. Coinbase Pro is currently ranked 43rd among global crypto trading markets by adjusted daily trading volume.
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