Since its founding in 2012, Coinbase has been the industry benchmark for cryptocurrencies and has risen to become the largest exchange by volume in the United States. While it is best known for its exchange and storage services for Bitcoin, Coinbase also offers a wide range of other cryptocurrency and fiat currency exchanges. If you want to know the latest stats from Coinbase, then please take five minutes to read.
5 Key Facts
1. Coinbase Exchange has a total of 7000 institutional clients
Coinbase exchange is proud of a diverse and long list of institutional clients. The exchange has over 7,000 institutional clients. This portfolio varies from time to time but features hedge funds, financial institutions, and corporations.
On average, these institutional clients hold assets worth an estimated $44.8 billion. Recently, a study revealed that the exchange was able to bring in an additional 2800 clients within the last year. They were resulting in a 6x growth within that same period.
It is worth noting that the number of institutional clients in 2019 was 4200 and accounted for over $6.5 billion in cryptocurrency assets.
2. Bitcoin and Ethereum are the most prevalent cryptocurrencies on Coinbase
Ethereum and Bitcoin account for up to 80 percent of crypto assets on the Coinbase exchange. The rest of the remaining altcoins share a meager 13 percent. And finally, there is fiat currency takes 4% of the entire holdings on Coinbase. Bitcoin alone takes 70%, while Ethereum takes 13%.
In the fourth quarter of 2020, Coinbase Exchange had exchanged $32 billion worth of cryptocurrency trading volume, all as traffic from retail investors. This attributes an estimated 36% of the entire trading volume on the exchange platform. The remaining percentage comprises institutional clients and investors’ activity.
Retail trading on the exchange platform has grown by 78% over the last 2 years since 2020. However, the trading volume went low this year following the onset of an overwhelming crypto bloodbath that started in May of 2022.
It is worth noting that the total transaction volume on Coinbase in 2021 was $1 trillion. Up 8 times than what was recorded in 2020. During the 2018 crypto bull run, the transaction volume was $45 billion on retail trades.
https://infogram.com/coinbase-revenue-1hd12yxwzo7dx6k
Coinbase exchange has an average deposit size of $529. This is as of February 2021. The first month of 2021 had the average deposit at $560. Also, remember the exchange supports a diverse range of cryptocurrencies – up to 108 digital assets. Discussions are also in place on the launch of an NFTs marketplace. This means the number of digital assets on the cryptocurrency exchange will increase.
3. Coinbase Retail Trading Volume
Coinbase is a leading platform for trading cryptocurrencies. In 2020, Coinbase processed a record $32 billion in trade from retail customers – this accounted for 36% of the overall volume traded on the platform. The remaining activity was carried out by institutional clients and investors.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. It is headquartered in San Francisco, California. As of May 2019, Coinbase had over 13 million users with a presence in 32 countries around the world.
Coinbase allows users to buy and sell cryptocurrencies through a variety of payment methods, including credit and debit cards, bank transfers, and PayPal. The platform also offers a suite of tools for merchants and developers to accept and manage cryptocurrency payments.
According to reports, retail trading grew by almost 78% in the third quarter of 2020. However, it has yet to surpass its all-time high of USD 45 billion seen in the first quarter of 2018.
In 2020, the number of transactions on Coinbase's retail exchange was 2.15 times greater than it had been in 2017. In the first three months of 2018, trade volume on Coinbase was USD 45 billion, with 80.36 percent of all trading activity.
In 2021, it is expected to be USD 4 billion in the same quarter, with 57.14% of all trading volume. The following year, it begins rising once again, with USD 12 billion retail trading volume and a market share of 40%.
4. How many people use Coinbase?
Coinbase is a digital asset platform that enables users to buy, sell, and store cryptocurrencies. The company boasts a user base of nearly 100 million verified users as of January 2020.
It has strategically partnered with some of the world’s biggest businesses, currently tied with 13,000 institutions and 230,000 partners in the Coinbase ecosystem. In 2021, Coinbase reported having 8.8 million monthly active users. This figure is comparatively higher than its 2.8 million monthly active users in 2020.
5. There are over 700 Coinbase Institutional Clients
The platform has more than 7000 institutional clients. These include hedge funds, corporations, and financial institutions.
In these categories, some institutional customers hold assets of more than USD 44.8 billion on this platform. The platform has added over 2800 new clients in the past year. The overall value of these assets held by institutions on Coinbase grew by 6.89 times during this period, according to statistics. In 2019 the platform had 4200 institutional clients that held USD 6.5 billion worth of assets. These numbers grew to 7000 institutional clients that held USD 44.8 billion worth of assets in 2020.
Coinbase has seen a significant increase in institutional trading volume in recent years. In Q1 2018, institutional investors and traders accounted for 19.67% of Coinbase's total trade volume. This figure increased to 42.86% by Q1 2019 and to over 60% by Q1 2020. It is clear that institutional investors are increasingly turning to Coinbase as a trusted trading platform.
6. Coinbase Shares in Crypto Capitalization Market
The total value of cryptocurrency assets on this platform accounts for over 11 percent of the entire crypto capital market. The platform has increased its share in the market by 4.5 percent, and it has been doing it since 2018.
In 2018 its market share was 4.5 percent, and it grew to 8.3 percent in the following year. 2020 saw the share rise to 11.1 percent, currently around 11.3 percent based on the incomplete annual data for 2021.
7. Coinbase Transaction Revenue
The platform has generated over USD 1 billion in transaction revenue in the past year. This is an almost 2.4 percent increase from the previous year. In 2019, the transaction revenue was USD 463 million, and it reached USD 1.1 billion in 2020.
The majority of the platform's revenue comes from transaction fees, with over 86 percent of the total revenue coming from this source.
8. Coinbase Monthly Active Users have grown by 300% between 2020 and 2021
Coinbase is one of the most popular cryptocurrency platforms and has seen a significant increase in its monthly active users over the past year. In 2018, the platform had 0.7 million monthly active users, which increased to 1 million by 2019 and 2.8 million by 2020.
As of 2021, Coinbase has almost 8 million monthly active users, representing a 300% growth from the previous year. While many Coinbase users also use other cryptocurrency platforms, a significant number of them only use Coinbase for trading and tracking their assets.
9. Coinbase's total market capitalization is currently at $17.09 billion as of today
In 2017, Coinbase was worth $1.6 billion. In the next year, it increased to $8 billion. In 2020, it reached $28 billion. This year (2021), it is worth $65 billion
The value of this company is based on the number of shares that are available to the public. When Coinbase went public, the price of listed shares was $250. There are more than 260 million shares available to purchase. So, the total value is in billions. This is a big jump from the company's previous valuation from 2017.
The Coinbase valuation has seen a massive increase in recent years, with the company reaching a valuation of USD 65 billion in 2021. This is thanks to the success of the company and the work of its investors, who have been able to reap significant rewards.
Before Coinbase went public in 2019, private investors had traded shares with a total valuation of USD 100 billion. This makes the current valuation a major success for the company. Thanks to its recent success, Coinbase is now one of the most valuable companies in the world.
In 2022, the Coinbase exchange will have a total valuation of $17.09 billion.
10. Coinbase Website Statistics
Coinbase sports an average monthly visit of 38.6 million, ranking #418 among all websites in the United States and #1088 globally.
The site has a higher number of monthly visits compared to its direct competitor, Crypto.com, which only records an average of 5.6 million per month.
It ranks #5 in the finance category, with an average visit duration of 4 minutes 35 seconds and 5.28 clicks per visit.
About 74.59% of all coinbase.com website visitors are male, while only 25.41% are female.
11. Coinbase made its highest profit of $380 million in 2017
Coinbase is a highly profitable company that has dominated the US crypto industry.
In 2017, the company earned USD 380 million in profit. However, in the next couple of years, profits decreased.
The company's profit in 2020 was more than USD 322 million. Moreover, the profits skyrocketed to USD 2.36 billion in the first half of 2021.
The company's initial public offering was in April 2021, and people have been able to trade shares on the stock market since then. Higher returns than what was estimated for the second quarter of 2021 were brought in by these shares.
The company's profitability has been on the rise in recent years, with a significant surge in profits in 2021. This increase is likely due to Coinbase's expansion into new markets and its growing user base. The company is expected to continue to be profitable in the years to come.
12. Coinbase Subscription & Service Revenue
Coinbase statistics show that revenue from subscriptions and services consists of 4 elements. These are staking revenue, custodial fee revenue, interest income, and earning campaign revenue.
This platform brings in almost USD 45 million in subscriptions and service revenue. It is almost a 2.3 percent increase since the year 2019. In 2019, the revenue generated from subscriptions and services was USD 19.94 million. This number grew to almost USD 45 million in 2020.
13. Coinbase’s monthly transacting users quadrupled in 2021 to 11.4 million
Coinbase’s revenue, trading volumes, monthly transacting users, and platform assets rose in the final quarter of the year, during which the company became the first publicly traded crypto exchange.
The company generated $2.5 billion of net revenue and $840 million of net income in the final three months of 2021. Coinbase reported on Thursday — about double the revenue and net income it notched during the third quarter.
Assets on the platform grew from $255 billion to $278 billion quarter-over-quarter.
Coinbase ended the year with 11.4 million monthly transacting users, about a third of whom both invested and engaged with a non-investing product. Total verified users grew to 89 million.
Trading volume hit $547 billion in the fourth quarter, up about 67% from $327 billion in the prior quarter. Crypto assets beyond bitcoin and ether contributed 55% of the volume in 2021.
14. U.S, U.K, and Germany lead by the highest number of Coinbase users
Coinbase is popular in many countries, but the United States, the United Kingdom, Germany, Spain, France, and other countries account for the majority of its users.
- Users from the United States account for 53.14% of Coinbase's total user base.
- Users from the United Kingdom make up 5.80% of Coinbase's overall client base.
- Users from Germany have 2.88 percent of Coinbase's users as a whole.
- Spain has 2.69 percent of Coinbase's users
- France has 2.69 percent of Coinbase's users
- Other countries and territories (33.18%).
15. How many people work at Coinbase?
More than 1,700 employees work at Coinbase. Since January 2021 alone, the company has added 451 new employees.
40% of the employees work in engineering, product, or design teams.
While Coinbase is a remote-first company, the organization operates office facilities across 12 locations in the US, UK, Japan, Ireland, Germany, and the Philippines.
16. What do the Majority of the Users Like About Coinbase?
According to users, Coinbase is one of the most beginner-friendly platforms when it comes to trading cryptocurrencies. The site has a helpful education section that can teach beginners about trading and investing in cryptos. Additionally, Coinbase stores 97% of all its Bitcoin holdings in cold storage, making it one of the most secure platforms available today.
17. Coinbase Purchased Crypto Trading Firm Tagomi for $75 M
Coinbase, the largest cryptocurrency company in the U.S, acquired a two-year-old, 20-person digital asset trading firm Tagomi for a price between $75 and $100 million in 2021.
New York-based Tagomi was serving deep-pocketed crypto traders who were then making transactions of between $250,000 and $2 million. The platform did not have its exchange—but interconnected to a dozen of the largest digital assets exchanges, including Coinbase and Binance U.S., aiming to route investors’ orders to the venues offering the best prices.
Tagomi’s investment profile had at the time attracted high-profile backers and clients, including Peter Thiel’s Founders Fund and crypto investment firms like Paradigm, Polychain, Pantera, and Multicoin. It had raised $28 million in venture capital before the Coinbase deal was announced, and it was valued at $72 million when it last raised funding in early 2019.
