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18 April 2021

Earnings Report Reveals Coinbase Now Head-to-Head With NYSE, NASDAQ | Crypto Briefing

Earnings Report Reveals Coinbase Now Head-to-Head With NYSE, NASDAQ | Crypto Briefing


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The U.S.-based exchange recorded total revenue of $1.8 billion and an EBITDA (Earnings before tax, depreciation, and amortization) of $1.1 billion.

Further, PayPal’s Q4 revenue last year was $6.1 billion with an operating income of nearly $1 billion

Given that trading fees are between 0.04% and 0.50%, the FTX cryptocurrency exchange founder, Sam Bankman-Fried,suggestedthat “a significant chunk of that revenue is not coming from trading fees, which would be a first.”

In their first SEC filing, the exchange had noted that it made 96% from trading revenue

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