Coinbase S-1 First Impressions: The Block Research

Quick Take

  • Coinbase reported net income of ~$322 million in 2020 on total revenue of $1.28 billion
  • About $1.1 billion (86%) of its revenue in 2020 came from transaction fees while the rest came from subscription services and other
  • Coinbase has ~43 million registered retail users and ~7,000 institutional accounts with nearly 3 million monthly active transactors
  • It stores a total of $90 billion in assets stored across both retail and institutional platforms
  • Coinbase currently serves customers in over 100 countries with ~76% of customers in the United States and 24% in Europe
The Block Research Coinbase S-1 filing notes

This report is for Research Members

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Learn More Already a Research Member? Sign In

Related Reading

More