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Home Crypto

Coinbase’s Trading Volume Grew 8.5 Times in 2021 — With 89 Million Verified Users – Exchanges Bitcoin News

by Trading How
February 26, 2022
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The Nasdaq-listed cryptocurrency change Coinbase says the variety of month-to-month transacting customers on its platform rose to 11.4 million on the finish of 2021, which was greater than 4 instances the earlier 12 months. As well as, Coinbase’s buying and selling quantity grew greater than 8.5 instances from the earlier 12 months, and the variety of verified customers has risen to 89 million.

A Good 12 months for Coinbase

The Nasdaq-listed crypto change Coinbase launched its fourth-quarter and full-year 2021 earnings report Thursday.

“2021 was a 12 months of large development and growth within the cryptoeconomy, in addition to for Coinbase. We ended 2021 with robust efficiency throughout our key metrics that have been inside our outlook,” the corporate wrote, including:

We ended the 12 months with 11.4 million Month-to-month Transacting Customers (MTUs).

Coinbase famous that the variety of MTUs on the finish of 2021 was “over 4x in comparison with 2020.” As well as, the variety of verified customers on its platform has grown to 89 million.

Through the 12 months, Coinbase expanded its enterprise quite a few methods, together with including the “buying and selling and custody assist for 95 and 72 new crypto property, respectively.” The corporate additionally “greater than doubled the variety of nations the place customers should buy and promote crypto through fiat rails to 90+, and added Apple Pay, Google Pay, and Paypal as cost strategies.”

Furthermore, Coinbase mentioned:

In 2021, our buying and selling quantity grew greater than 8.5x in comparison with 2020, and our market share of buying and selling quantity elevated in just about all property.

The Nasdaq-listed crypto change additionally grew its institutional buyer base by over 50% final 12 months. “On the institutional facet, a significant theme all through 2021 was adoption by a broader vary of purchasers in search of to have interaction with crypto — past asset managers and monetary providers corporations to company treasuries and institutional allocators,” the corporate famous, elaborating:

In 2021, we generated $3.6 billion in internet revenue, up 11x in comparison with 2020.

Tags on this story
Coinbase, coinbase earnings, coinbase performance, coinbase profits, coinbase users, crypto exchange coinbase, cryptocurrency exchange coinbase, nasdaq listed company, nasdaq-listed coinbase, number of users, user base

What do you consider Coinbase’s 2021 efficiency? Tell us within the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any harm or loss brought about or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

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