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23 April 2021

Coinbase's Q1 Call Reveals Growth, Product Roadmap | Crypto Briefing

Coinbase's Q1 Call Reveals Growth, Product Roadmap | Crypto Briefing


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Haas drew attention to Coinbase’s user base, noting that the company had 56 million verified users and 6.1 million monthly transacting users (MTUs) in Q1 of 2021.

During the call, Coinbase CEO Brian Armstrong revealed details about the company’s business plans.

“We think that, as innovation continues to rapidly transform and grow the crypto economy, we will see crypto take up a substantial portion of economic activity over the next decade,” Armstrong said.

Though many investors are waiting for details on Coinbase’s IPO, the call did not spend much time on that topic.

Haas stated that Coinbase decided to publish extensive details in light of the company’s upcoming IPO, and noted that future reports may not be so thorough.

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