Global Statistics

All countries
200,238,071
Confirmed
Updated on August 4, 2021 2:51 am
All countries
178,786,882
Recovered
Updated on August 4, 2021 2:51 am
All countries
4,258,482
Deaths
Updated on August 4, 2021 2:51 am

The crypto exchange goes public. What you need to know about Coinbase

Coinbase plans to conductDPOon the Nasdaq on April 14, 2021, under the ticker COIN.

Coinbase is an American cryptocurrency platform founded in 2012. As of March 31, 2021, it is one of the largest crypto exchanges in the United States in terms of trading volume. Coinbase is part of the Coinbase Global holding.

Coinbase plans to spend $ 35 million on direct listing, and the company itself is estimated at about $ 100 billion. This is the first major public listing of a crypto company.

About finance

On Tuesday, the company released preliminary results for the first quarter of 2021. Coinbase reported that it had 56 million users during this period and had approximately 6.1 million monthly active customers. In the fourth quarter of 2020, a total of 46 million customers. … The company’s share in the cryptocurrency market is 11.3%.

Trading volume amounted to $ 335 billion. Quarterly profit is estimated at $ 730-800 million, with revenues of approximately $ 1.8 billion. This is significantly more than revenue of $ 1.3 billion and net profit of $ 322 million for the entire 2020. Significant growth of financial indicators contributed to the Bitcoin rally. Adjusted EBITDA was about $ 1.1 billion.

Coinbase’s main source of revenue is the fees that traders and cryptocurrency owners pay for transfers.

The company expects significant growth in 2021, driven by transaction and custody revenues, given the increased institutional interest in the cryptoasset class. However, institutional revenue is inherently unpredictable. Transaction revenue is currently highly correlated with the number of monthly users.

The company plans to spend $ 1.3-1.6 billion to scale activities and stimulate innovation.

If we talk about competitors, there are a lot of them. The most important rival of crypto platforms is Binance. Among payment operators – Visa and MasterCard, among online and mobile wallets – PayPal and others who accept cryptocurrency. Banks include JP Morgan Chase, Citibank, Bank of America and Capital One.

Media Contact
Company Name :-
Legal Vendors
Contact Number :-
090988652919
Email Id :-
[email protected]
Company Website :-
https://lv.com

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

Hot Topics

Banking employers improve their salary proposal for the new sector agreement

MADRID, Jan 18 (EUROPA PRESS) - The Spanish Banking Association (AEB) has improved its proposal regarding remuneration for...

Deutsche Bank signs a protocol with the IDAE for energy rehabilitation in buildings

MADRID, Jan 15 (EUROPA PRESS) - Deutsche Bank Spain has signed a collaboration protocol with the Institute for...

Surface Pro 7+ comes with 11th Gen Intel Core and LTE Advanced for remote work

MADRID, 12 Jan (Portaltic / EP) - Microsoft has expanded the Surface for Business portfolio with the '2-in-1' Surface Pro 7+, with an 11th...

Related Articles

Ralcon LLC Does Construction by Building Relationships

“Building relationships within a business makes the foundation of that business. It is always important for us to continue to form strong relationships with...

Farm EGW Token, Earn Superior Returns

EGW Capital is the reputed name in the space of Blockchain investment banking and the wealth management space. The company has raised over $600...

Ready to invest in South Africa, ready economic and social projects” announced Lorenzo De Donato

  With a tweet he announced: "Ready to invest in #SouthAfrica, ready #economic and #social projects. From tourism to export & #free distribution of protective materials such...