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22 April 2021

Coinbase's first quarter revenue hits record $1.8B ahead of its Nasdaq listing

Coinbase's first quarter revenue hits record $1.8B ahead of its Nasdaq listing


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Coinbase's first quarter revenue hits record $1.8B ahead of its Nasdaq listing.

Coinbase has announced impressive first quarter results one week before the exchange’s direct listing on the Nasdaq, estimating that trading volume is up 276% and quarterly revenue has hit $1.8 billion.

The bull market has also seen monthly active users grow to more than six million users, up from 1.3 million in the first quarter, with crypto assets on the platform rising 1200% year-on-year from $17 billion to $223 billion.

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