Happy Tuesday, Blockfolians
Coinbase is going public on April 14th. Part of why they delayed till Q2 was so that they could share Q1’s numbers and boy are they a doozy.
Verified Users of 56 million
Monthly Transacting Users (MTUs) of 6.1 million
Assets on Platform of $223 billion, representing 11.3% crypto asset market share
Includes $122 billion of Assets on Platform from Institutions
Trading Volume of $335 billion
Total Revenue of approximately $1.8 billion
Net Income of approximately $730 million to $800 million
Adjusted EBITDA of approximately $1.1 billion
Crypto Twitter is expectedly hyped, and it’s even seeping into traditional FinTwit:
April 14th is going to to be a day to watch.
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A Really Big Number We Should Be Paying Attention To
That’s the number of Coinbase users. More than 4x bigger than Robinhood.