In line with a recent official report by ‘Reuters‘, World’s renowned cryptocurrency exchange named ‘Coinbase’ reportedly saw around $520 Mln in revenue last year.
The publication summed the total revenue by observing a filing to Britain’s corporate registry earlier last week showing Coinbase’s non-United States revenue equaled around 154 Mln Euros [$173 Mln], outlining that a Coinbase.
Official once declared that the non-U.S. revenue is adequate to nearly 1/3rd of the general overall revenue.
Based on Reuters’ calculations of ‘Coinbase’s‘ last year revenue, the crypto-currency exchange has generated around 60% lesser than its declared plans.
Earlier in Oct. last year, Bloomberg revealed an ‘official report‘ claiming that Coinbase had projected that it’d see around $1.3 Bln in revenue in 2018. Based on anonymous documents, Bloomberg added that the San Francisco-based cryptocurrency exchange foresaw vital revenue from commissions on trades, along with gains and losses in its crypto holdings, despite the bearish market.
Ealier in January last year, industry sources ‘reported‘ that Coinbase made around $1 Bln in revenue in 2017, overshooting its forecast for that year by about 66%.
However, any official info from Coinbase regarding its revenue for either 2017 or 2018 has not yet been revealed.
Founded back in 2012, Coinbase is a leading cryptocurrency trading and wallet service based within the U.S. Recently, the exchange was ‘featured‘ in LinkedIn’s list of the foremost popular firms for 2019, with Coinbase listed at 35 out of a total of 50 firms.
Coinbase Pro is presently ‘ranked‘ at the 43rd position among global crypto-currency trading markets by daily adjusted trading volume.
Earlier on 17th April, Coinbase ‘expanded‘ its crypto-to-crypto commerce offering to around 11 countries in Latin America and Southeast Asia, along with Argentina, Mexico, Peru, as well as South Korea, Indonesia, the Philippines and others.
Moreover, Binance exchange is presently the 3rd largest cryptocurrency exchange, was recently reported to have ‘made‘ a $78 Mln in profits in Q1 2019, which is around 66% up from the previous quarter.
Even within the earlier version of the Reuters ‘article‘, the publication reported that the venture capital investments in cryptocurrency and blockchain startup have the potential to set an incomparable high in 2019, as investors additionally appear to be contributing larger amounts per deal.