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Coinbase revenue in 2018 was 60% less than that reported by the company

According to Reuters, published on April 18, Coinbase, a large global crypto exchanger, received only about $ 520 million in revenue last year.

The publication calculated the amount by looking at registration in the UK corporate registry last week. As it turned out, Coinbase revenue outside the United States was about 154 million euros ( $ 173 million ), noting that one of the Coinbase executives once said that revenue outside the United States is almost one third of total revenue.

Based on Reuters calculations of Coinbase for 2018, the crypto exchange brought 60% less than what was stated.

At the end of October 2018, Bloomberg published an article stating that Coinbase predicted that in 2018 it would receive $ 1.3 billion. United States . Based on unspecified documents, Bloomberg wrote that the crypto exchanger in San Francisco also foresees a significant income from transaction fees, despite the bear market.

In January 2018, industry sources reported that Coinbase revenue was about $ 1 billion in 2017, exceeding its forecast for this year by 66 percent.

However, it is not now possible to find official Coinbase applications for 2017 and 2018.

Founded in 2012, Coinbase is a major crypto trading service, as well as a wallets service based in the United States. Recently, the exchange was included in the list of the most popular LinkedIn companies for 2019.

Coinbase Pro currently ranks 43rd among the global cryptocurrency exchanges in terms of adjusted daily trading volume.

On April 17, Coinbase expanded its offer of crypto-trade for 11 countries in Latin America and South-East Asia, including Argentina, Mexico, Peru, as well as South Korea, Indonesia, the Philippines and others.

Meanwhile, recently it was reported that Binance, the third largest crypto exchanger, made a profit of 78 million dollars in the first quarter of 2019, which is 66% more than in the previous quarter.

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