Earnings release shows Coinbase made more in Q1 2021 than all of 2020

Crypto exchange Coinbase posted its earnings this morning and showed strong revenue numbers ahead of its April 14 public listing, documents show. The exchange is one of the biggest crypto businesses and one of the first in the US to be offered to the public.

Coinbase posts stellar figures

The release showed Coinbase made over $1.8 billion (revenue) in Q1 of 2021—an amount greater than the $1.1 billion figure for all of 2020 and nearly ten times the $190 million revenue in the first quarter of last year.

BREAKING: Coinbase just reported 56 million users, $335 billion in trading volume, and $1.8 billion in revenue for Q1.

What an absolute beast of a company.

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