Coinbase is a leading cryptocurrency exchange enabling users to buy, sell, and trade digital assets like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. With millions of users and billions in transaction volume, Coinbase remains a cornerstone of the crypto economy. This article explores its latest revenue, valuation, user growth, and trading metrics.
Company Overview
| Detail | Information |
|---|---|
| Founded Date | June 2012 |
| Founders | Brian Armstrong, Fred Ehrsam |
| Headquarters | Wilmington, Delaware, US |
| Employees | 3,000+ |
Coinbase's revenue for Q3 2024 reached $2,195 million, a 113% quarter-over-quarter increase.
Revenue Trends (2021–2024)
| Quarter | Revenue ($ million) |
|---|---|
| Q3 2024 | 2,195 |
| Q2 2024 | 1,128 |
| Q1 2024 | 1,588 |
| Q4 2023 | 905 |
| Q3 2023 | 623 |
👉 Explore Coinbase's growth strategies
Valuation Milestones
| Year | Valuation ($ billion) |
|---|---|
| 2024 | 86 |
| 2020 | 28 |
| 2019 | 8 |
Trading Volume and Assets
- Q1 2023 Trading Volume: $375 billion
- Assets Under Custody (Q1 2023): $52.3 billion (+25% QoQ)
| Year | Trading Volume ($ billion) |
|---|---|
| 2023 | 375 |
| 2022 | 547 |
| 2021 | 462 |
User Statistics
Coinbase’s verified users grew to 105 million by 2024.
Annual User Growth
| Year | Users (million) |
|---|---|
| 2024 | 105 |
| 2023 | 95 |
| 2022 | 98 |
Monthly Active Users (MAUs)
| Year | MAUs (million) |
|---|---|
| 2024 | 10.8 |
| 2023 | 5.5 |
👉 Learn how Coinbase retains users
FAQs
1. How does Coinbase generate revenue?
Coinbase earns through transaction fees, staking, custodial services, and institutional trading.
2. What was Coinbase’s highest valuation?
$86 billion during its 2021 Nasdaq IPO.
3. How many cryptocurrencies does Coinbase support?
Over 200, including Bitcoin, Ethereum, and Litecoin.
4. Is Coinbase available globally?
Yes, in 100+ countries with varying service availability.
5. What are Coinbase’s security measures?
Two-factor authentication (2FA), cold storage, and insurance coverage.
6. How does Coinbase compare to competitors?
It leads in regulatory compliance but faces competition from exchanges like OKX.