Coinbase reports $1.64 billion in revenue on Q1

Coinbase Q1 earnings reveal a revenue of $1.64 billion, surpassing expectations with a significant increase in consumer transaction revenue. The post Coinbase reports $1.64 billion in revenue on Q1 appeared first on Crypto Briefing.

139 +

Coinbase reports profits for first time in two years

Cryptocurrency exchange Coinbase’s net revenue in the fourth quarter of 2023 reached $905 million. According to the company’s report published on Feb. 15, revenue was 45. 2% higher than in Q3.

70 +

Coinbase’s Non-Trading Revenue Tops Trading Fees

Coinbase non-trading revenue beats trading fees again, reaching 53% of total Q3 revenue.

191 +

Coinbase reports $708M in quarterly revenue but overall net loss ahead of Base launch

Cryptocurrency exchange Coinbase published its Q2 earnings report on Aug. 3 and reported significant revenue despite overall losses. Coinbase said it saw $708 million in total revenue, marking a decline of 8% quarter-over-quarter (Q/Q), and $663 million in net revenue, marking a decline of 10% Q/Q.

228 +

Coinbase Head Predicts 50% Revenue Slump This Year, Stock Down 86%

Coinbase chief executive Brian Armstrong is not very optimistic about his firm’s revenue this year. He claims earnings may be cut by half due to a prolonged crypto winter and waning investor confidence.

245 +

Coinbase FY2022 revenue to be less than half of FY2021 revenue, says Brian Armstrong

CEO Brian Armstrong said Coinbase’s revenue for 2022 will plunge by 50% as the bear market continues. Coinbase’s shares are down by roughly 80% since the start of the year. FTX’s demise is due to massive fraud and not mismanagement FTX’s 2022 revenue to decline by 50% Coinbase Global Inc.

302 +

Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month

On Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1. 5 billion in coinbase rewards and transaction fees.

237 +

Federal judge's decision could be a blow for the privacy rights of crypto users

The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra.

219 +

What Coinbase Going Public Could Do For Crypto

Coinbase, the biggest US-based cryptocurrency exchange has disclosed its detailed plan for the upcoming direct listing on the stock market by Nasqad.  Coinbase submitted an S-1 report to the US SEC outlining key information such as revenue and ownership structure for investors to carry out due diligence on the company.

259 +

Coinbase Files S-1 Registration Ahead Of Going Public

Cryptocurrency exchange Coinbase has revealed user and revenue details in an SEC filing ahead of going public. The post Coinbase Files S-1 Registration Ahead Of Going Public appeared first on Bitcoin Magazine.

220 +

Coinbase Discloses $1.28 Bln in 2020 Revenue in its Filing to Go Public on Nasdaq

The exchange also reported 43 million verified retail users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries. In terms of coin storage, BTC has the highest share at 70%, but it remains the same, unlike ETH, whose share jumped 4%.

240 +

Coinbase Discloses Revenue, Bitcoin Holdings in Latest SEC Filling

254 +

Coinbase public listing filing details 2020 revenue, major a16z stake

The company has benefited a lot from the 2020 market but had lost money in 2019.

238 +

Crypto Market Is Not Interested in Owning Bakkt Stock; Coinbase Is the Real Deal Making Money

Crypto derivatives platform FTX CEO Sam Bankman-Fried says Coinbase is no Bakkt 2. 0; it “makes real money” by charging hefty fees. He also estimated FTX valuation at $5bln based on ratios of revenue, userbase, and profit.

308 +

Motorcycle Maker Soriano Motori Partners with Coinbase to Accept Crypto Payments

From flight tickets to real estate deals, cryptos are becoming more readily acceptable as payment means with companies looking to expand their revenue streams. Italian Bike Maker to Accept Bitcoin and Other Crypto “Coins” Soriano announced the acceptance of cryptocurrencies as a payment means for its motorbikes in a press release issued on Dec.

281 +

Law Firm Warns That IRS Is Cracking Down On Coinbase Users Evading Taxes

David W. Klasing, a boutique Californian tax firm, had its Tax Law Office issue out a public release. This release warned investors that the US Internal Revenue Service, or IRS, is going to start a severe bout with users of Coinbase.

222 +

Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority

Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U. K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year.

252 +

Coinbase UK will share customer details with British tax authorities

Cryptocurrency exchange Coinbase UK will disclose customer data to the HMRC (or Her Majesty's Revenue and Customs) which is the UK's tax authority, in response to the British tax authority’s legal nThe post Coinbase UK will share customer details with British tax authorities appeared first on AMBCrypto.

301 +

Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high

Following Uniswap’s UNI token launch, Ethereum transaction fees spiked to almost $1 million an hour.

250 +

After US Secret Service, Coinbase Strikes a Deal with IRS to Sell its Data

Coinbase has now struck a deal with the US Internal Revenue Service (IRS) for its Coinbase Analytics blockchain software. According to the public records, available on the government database, the contract was signed on July 14 for $124,950 and will be effective from next week on July 23. It will last for a year with […]

372 +

Coinbase, Bitstamp's long-term plan may include lower trading fees

Cryptocurrency exchanges hold a very crucial position in the industry. Indifferent to the price of cryptocurrencies in the market, these exchanges generate revenue from the trading fees paid by its usThe post Coinbase, Bitstamp's long-term plan may include lower trading fees appeared first on AMBCrypto.

257 +

Top Exchanges Ask the IRS To Provide Clarity In Tax Regulation For Crypto At Summit

Crypto exchanges led by Kraken and Coinbase have aired their views to the U. S Internal Revenue Service (IRS) in an ongoing tax summit. The representatives called for more clarity within the crypto environment to enable innovations in this industry to thrive.

271 +

Coinbase Streamlines the Tezos Staking Process in Exchange for Revenue Cut

Wednesday saw Coinbase announce the introduction of staking rewards for eligible US customers who hold Tezos (XTZ) on the platform. This comes as a new means for users to earn cryptocurrency, but also as a lucrative revenue stream for the company.

226 +

Coinbase Made Almost $2 Billion on Transaction Trading Fees in Revenue Since Starting Exchange

Coinbase CEO Brian Armstrong affirmed at a Vanity Fair summit in Los Angeles that the trade has been beneficial since the year 2017. He additionally spoke about the fact that Coinbase has produced about $2 billion in way of transaction fees since its launch in 2012. He further stated that, “I think over the next […]

219 +

CEO: Coinbase Has Earned $2 Billion in Transaction Fees Since 2012

Coinbase turned a profit since 2017 and has earned $2 billion in transaction-fee revenue since its founding in 2012.

214 +

How Tether Could Destroy Other Stablecoins By Waging An Interest War

Crypto revenue models are becoming more elaborate – and as the aftermath of a prolonged bear market takes its toll, creative solutions to attract and retain customers are becoming de rigeur.

168 +

IRS Warning Letters: Agency Scrutinizing Tax Returns to Information Received from Exchanges

The Internal Revenue Service (IRS) has been sending out a fresh round of letters to a select group of taxpayers, informing them that their tax returns do not match the information provided by exchanges.

218 +

Coinbase to delist Zcash for U.K. customers for unknown reasons

Coinbase has told customers in the U. K. it will remove support for Zcash (ZEC) on the 26th of August, 2019, just days after British tax authority HM Revenue & Customs reportedly requested customer and transaction data from the cryptocurrency exchange.

180 +

British Tax Division Resorts to Gathering Intel From Crypto Exchanges To Find Tax Evaders

The tax authority of the United Kingdom, HM Revenue & Customs, has recently revealed that it is about to take data from exchanges in order to get unpaid taxes. Three major exchanges, CEX.IO, Coinbase, and eToro, received letters last week that demanded them to give information about their customers to the government. According to reports, […]

246 +

Crypto Exchanges Need To Specialize To Stay Competitive, Says Coinfloor Head

It’s been a great year for crypto exchanges, with Coinbase making over a billion in annual revenue. But those good times may soon come to an end, according to the head of a London-based exchange group, who says the largest trading platforms will have to specialize or risk being outperformed by competitors.

216 +

LocalBitcoins Denies Service to Iranian Users

The popular peer-to-peer bitcoin trading network LocalBitcoins has shut down all trading operations for Iranian users. LocalBitcoins’ website offers a variety of pages for users of different nations and, as of May 24, 2019, the Iranian page displays a message that “LocalBitcoins is currently not available in your selected region,” in English only.

537 +

Bitcoin Miner Revenue is Approaching Yearly High

Bitcoin price regained and held ground above $8000 May 24 as new data showed miner revenues had reached their highest in 10 months. Mining Reverses 2018 Bear Market Lows Data from Blockchain. com confirmed miners’ income as the latest in a series of Bitcoin metrics to turn seriously bullish in recent weeks, with rewards now topping $17.

306 +

Coinbase: Customers making money is very important to crypto-exchanges, says CEO Brian Armstrong

Proponents of the cryptocurrency market have always been at the forefront of breaking the latest updates in the universe, through live streams and direct Ask Me Anything [AMA] sessions. The latest luminary to speak up is Brian Armstrong, CEO of Coinbase, who touched upon the different streams of revenue and Coinbase’s new avenues.

192 +

Bitcoin Transactions Spike in April While SegWit Keeps Fees Low: Report

Research has shown that the number of on-chain Bitcoin transactions has risen dramatically throughout 2019, nearing the volume of Bitcoin’s peak in December 2017. Even so, transaction fees are a fraction of what they were around bitcoin’s all-time high, likely due to the continued uptick of SegWit transactions on the network.

536 +

Coinbase Closing Markets Office in Chicago

According to a report from Fortune on April 23, 2019, the U. S. -based cryptocurrency exchange Coinbase will shut down its Chicago office. Coinbase will scale back plans for a high-frequency trade matching engine in development there, software that automatically matches trade bids to complete trades at a higher rate.

329 +

Coinbase’s 2018 Revenue Is 60% Less Than Projected by the Firm: Report

Major U.S. crypto platform Coinbase reportedly saw 60% less in revenue in 2018 than it had forecasted

156 +

Coinbase Generated $520 Million in Revenue Last Year, Reuters Estimates

Cryptocurrency exchange Coinbase brought in almost $520 million in global revenue in 2018, according to Reuters' calculations.

144 +

After Coinbase Failed To Abide By IRS Notice 2014-21, Longtime Trader Files Official Complaint

After Coinbase Failed To Abide By IRS Notice 2014-21, Longtime Trader Filed Official Complaint The United States Internal Revenue Service has certain requirements for the cryptocurrency industry, though they are still sorting out certain regulations.

355 +

Grim Stories of Ethical, Privacy Abuses Emerge About Coinbase’s New Partners

When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition.

578 +

Coinbase Integrates TurboTax to Help its US Customers File Crypto Taxes

The American tax season is an annual period between late January till around mid April. With the government shutdown temporarily suspended for three weeks, employees at the Internal Revenue Service (IRS) will soon be reporting to work to start this year’s tax return season.

344 +

Coinbase Considering Subscription Model, Hints New User Survey

Cryptocurrency exchanges like Coinbase and others drive their revenue through the fees users are charged for the trades or purchases they make. However, a new user survey being circulated by Coinbase appears to hint at the cryptocurrency powerhouse exploring new fee models, including a subscription model.

205 +

Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?

The current crypto bear market is dragging on, with billions in cryptocurrency wealth wiped out in 2018. The trading volume of six year-old Coinbase has hit a yearly low. Despite the crypto winter, the company is continuing to raise funds and has reached an impressive valuation of $8 billion.

204 +

Coinbase, Binance to Defy Market Slump and Post Billions in Revenue This Year

With the currently depressed cryptocurrency prices yet to recover from January’s massive correction, most crypto investors are struggling to produce a profit this year. Perhaps it is even safe to assume that many digital portfolios have suffered substantial losses similar to the crypto market as a whole.

272 +

The Week That Was: Tether’s Controversy Rolls On, Bitcoin Turns 10, Coinbase Predicts $1.3 Billion In Revenue

It was a landmark week for the cryptocurrency industry as the king of cryptos marked ten years since Satoshi Nakamoto released the Bitcoin whitepaper. Bitcoin turned 10 on October 31, but there was little to celebrate as the crypto shed close to $200 just a day before its 10-year anniversary.

212 +

Coinbase Could Bring in Close to $1.3 Billion Revenue in 2018

Coinbase Inc. , one of the biggest cryptocurrency exchange platform in the U. S. , is reportedly projecting revenue for the year of nearly $1. 3 billion, according to a Bloomberg report from October 30, 2018.

211 +

Coinbase Crypto Exchange on Pace to Profit Over $450 Million in 2018 Bear Market

Despite the bear trend in the market today, Coinbase is set to make a profit of about $456 million USD from a revenue of $1.3 billion USD in 2018. The Block Crypto has analyzed the stats of the company for this year and it has affirmed that the company will have its profits increased in […]

226 +

Coinbase Predicts $1.3 Billion In Revenue, Weeks After Being Valued At $8 Billion

Cryptocurrencies may have shed three-quarters of their market capitalization from January to date, but one company is rising from the ashes like a phoenix and raking in the big numbers. Occupying three floors in San Francisco’s Market Street, U.

246 +

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

522 +

Coinbase Bear Market Revenue Projected to Beat Last Year’s Bull Run

Coinbase achieved staggering annual revenue results during 2017 largely due to Bitcoin’s bull run and cryptocurrency catching the attention of the mainstream public for the first time. However, the 2018 bear market may end up being even more profitable for the cryptocurrency giant.

196 +