Coinbase quarterly figures
Crypto exchange Coinbase has become one of the largest exchanges around. On Tuesday, August 10, 2021, the stock company released its quarterly numbers for the second quarter of 2021.
The numbers that came out of the document speak for themselves. Wall Street experts were expecting earnings of $1.12 per share. Coinbase was able to far exceed these expectations.
With a profit of $3.45 per share, the company made a total net profit of $1.6 billion. Compared to the first quarter of this year, this is more than double. The first quarter saw profits of $771 million.
In the second quarter of 2021, Coinbase posted net revenue of around $2 billion. Thus, the company recorded $200m in revenue compared to the previous quarter.
The number of Coinbase users continued to grow this quarter. As of this writing, the crypto exchange has approximately 68 million users. This is 12 million more users than were accounted for in April.
The number of users making at least one transaction per month (MTU) has also increased compared to the previous quarter. Currently, Coinbase records 8.8 million MTU`s, which is an increase of 44% within a quarter of a year.