Exchanges

Analysis: Coinbase is projected to bring in $456 million in profits in 2018 despite the bear market

Quick Take

  • Coinbase is projecting to bring in $1.3 billion in revenue and $456 million in profits in 2018
  • Coinbase’s revenues “are currently 100% transactional”
  • The profit margin was 41% last year while it is estimated to be 35% this year — potentially because of the rapid increase in staff
  • Coinbase’s volumes will most likely reach $83 billion in 2018 while they were approximately $68 billion in 2017 (22% increase YoY)

According to a document reviewed by Bloomberg, Coinbase is projecting to bring in $1.3 billion in revenue and $456 million in profits in 2018. Last year, Coinbase generated $923 million in revenue and $380 million in profit. This means that the revenues are projected to increase by almost 40% while profits are to increase by 20%.