• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 8, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Coinbase Q1 2021 revenue announced before IPO

by Reshab Agarwal
April 7, 2021
in Crypto, News, Trending
Reading Time: 2 mins read
0
Coinbase Q1 2021 revenue announced before IPO
TwitterWhatsappLinkedin

Coinbase is easily one of the biggest exchanges, if not the largest, in the crypto industry. It has played an essential role in making crypto mainstream. The kind of trust that lies in Coinbase is not easily found on other platforms. And in recent times, even the company has scaled up massively. It grew over a market cap of $100 billion and has planned to go public. And just a week before its IPO, Coinbase has released its Q1 2021 revenue. And to say the least, it is going to be the huge driving factor for good share demand in its IPO.

You might also like

Russia Reportedly Deploys AI-Powered Combat Drone with Nvidia Technology, Alarming Ukrainian Military

Jack Dorsey Launches Bitchat: A Private Messaging App That Works Without Internet or User Data

Sequans Charts Bold Path: €384M Capital Raise Fuels Bitcoin Treasury Launch

Coinbase Q1 2021 revenue details

The company has seen massive growth in the last year after the surge in crypto investments. It reported $1.8 billion in revenue in quarter 1 of 2021, which is almost an 8-9 times increase from the last year. Do note that this is not the profit of the company. After adjustments of tax, interest, depreciation, and other metrics, the revenue comes to about $1.1 billion. And the profit in it is estimated to be $730-$800 million.

Coinbase Q1 2021 revenue results are great!
Image Source: Global Finance Magazine

The company has seen an increase of 207.6% in revenue compared to last quarter. At the same time, the net income and trading volume have increased by 312.9% and 272%, respectively. These figures themselves show how great the company has been doing and will do in its IPO.

Market growth of Coinbase

At this point, the company has an estimated 56 million verified users. And among this number, over 10%, that is around 6.1 million users, use it every month. The company holds an estimated asset of $223 billion and has a more than 10% market share in the crypto industry. Heck, even the company’s platform is used by big companies to make their investments. Tesla, one of the major companies that invested $1.5 billion in Bitcoin, made it through their platform, says their own tweet.

This growth of market cap and revenue can be dedicated to the growth of crypto in the last year. Bitcoin and Ethereum, the two major names in the industry, have surged by over 700% and 1100% in a year. This new cycle of cryptocurrencies has brought a lot of investors and companies to the game. Now even banks are joining in to make as much as possible from this incredible opportunity.

Coinbase’s IPO

The IPO of Coinbase is scheduled for exactly one week later, on 14th April. It has chosen a direct listing to avoid any unnecessary costs charged by the banks for transactions. Coinbase will register 115 million Class A shares under the ticker name COIN. A report suggests that the estimated price per share of the company will be around $360. And this price will be completely dependent on the market demand due to the direct listing.


What are your thoughts on Coinbase q1 2021 revenue increase? And do you think it will help them get an even better price in IPO? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.

Also, Read: Mining gold is cheaper than mining Bitcoins! True?

Tweet54SendShare15
Previous Post

Mining gold is cheaper than mining Bitcoins! True?

Next Post

The Crypto Council for Innovation is here to push for better regulation

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Russia Reportedly Deploys AI-Powered Combat Drone with Nvidia Technology, Alarming Ukrainian Military

by Harikrishnan A
July 8, 2025
0
Russia Reportedly Deploys AI-Powered Combat Drone with Nvidia Technology, Alarming Ukrainian Military

A new kind of threat is taking to the skies over Ukraine, one that doesn’t rely on human control, fixed coordinates, or even daylight. Ukrainian officials are sounding...

Read more

Jack Dorsey Launches Bitchat: A Private Messaging App That Works Without Internet or User Data

by Harikrishnan A
July 8, 2025
0
Jack Dorsey Launches Bitchat: A Private Messaging App That Works Without Internet or User Data

Jack Dorsey, best known as the co-founder of Twitter and now CEO of Block, has quietly built something radically different over a single weekend: Bitchat — a messaging...

Read more

Sequans Charts Bold Path: €384M Capital Raise Fuels Bitcoin Treasury Launch

by Anindya Paul
July 8, 2025
0
Sequans

In an important move indicating a strategy shift, Sequans Communications S.A. (NYSE: SQNS) announced the completion of a €384 million (~$384M) combination of equity and debt financing to...

Read more
Next Post
The Crypto Council for Innovation is here to push for better regulation

The Crypto Council for Innovation is here to push for better regulation

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?