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Coinbase Announces First Quarter 2021 Estimated Results : Verified Users of 56M, Trading Volume of $335B, Total Revenue of $1.8B, Net Income between $730M-$800M

Coinbase Announces First Quarter 2021 Estimated Results : Verified Users of 56M, Trading Volume of $335B, Total Revenue of $1.8B, Net Income between $730M-$800M



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35 Comments

  1. Hot damn they’re a healthy company. My concern for Coinbase is the need to try and increase quarterly profits which means they will increase their already high fees over time.

  2. Perfect timing to release these figures. Basically they’re competing with the fed to print money, these are shit hot numbers. Shares look like they’ll be a winner, the instos will take notice, exchanges will be hot property, crypto going to get so much notice instos are gonna butt fuck each other to get a bigger slice of the pie.

    Timing for this IPO is almost bordering on insider information its a perfect play well done Coinbase.

  3. Grayscale uses Coinbase to store their BTC.
    That is a great indication of their technical prowess.

    https://blog.coinbase.com/welcoming-grayscale-the-worlds-largest-crypto-fund-to-coinbase-custody-72e6694e9ea3

    Microstrategy used CoinBase to purchase their Crypto.

    https://www.coindesk.com/microstrategy-used-coinbase-for-massive-bitcoin-purchase

    This is a great for attracting enterprise customers for purchasing/storing crypto assets

  4. Meh I’ll wait for crypto winter before I consider buying this stock. During a bear market trade volumes and profits go down significantly. This is going to be a very cyclical stock.

  5. By listing as a publicly traded company, I think it will bring more people onto the platform and that will be good for bringing more people into crypto. Many people are still confused about how to acquire crypto and trade it.

  6. I think bigger profits will be there in custodial side. But the numbers we have today are simply phenomenal. If it sustains rest of the year, we are talking about 3B in net income. !!! Even at 100B that is not crazy expensive.

    Of course real test for them is in the next bear market. But I expect it to cross 200B market cap before that. I might buy few shares or through leaps if available.

  7. Absolute insane numbers from Coinbase ahead of their IPO in a week. It will be interesting to see how their income fluctuates when we get into another bear-cycle and the effect it has on their Shareprice. I imagine their Shareprice will largely follow the market sentiment of the cryptocurrency markets and as we’re in a bull run their traffic is at absurd levels.

  8. That should just about put the nail in the coffin for all of those in traditional finance saying crypto ain’t real. Bye bye old crew. Hello to the digital new.

  9. Wow.. this is very bullish. ‘Old money’ sees this, buying a stock that abstracts the profitability of crypto into familiar fiat, and realises how much fiat can be made from crypto, it’ll only accelerate institutional investment into crypto itself.

  10. So can someone explain to me how coinbase is going to get an IPO?

    it has no product. it has no value. the only thing it does is skim a few cents for facilitating trades as a medium. and it’s not even good at that really. As soon as one of the thousand other exchanges has lower fees coinbase is worthless.

    I see you can downvote but you have no answers. Typical. Just downvote what you don’t like even though it’s true.

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