Coinbase's INSANE Numbers
Happy Tuesday, Blockfolians
The Lede
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
56m
That’s the number of Coinbase users. More than 4x bigger than Robinhood.