US-based cryptocurrency exchange Coinbase has generated $2.5 billion of net revenue and $840 million of net income last quarter, according to an <a href="https://s27.q4cdn.com/397450999/files/doc_financials/2021/q4/Coinbase-Q421-Shareholder-Letter.pdf" target="_blank" rel="nofollow noopener">announcement</a> posted by the company.
<h2><strong>Coinbase Generated $2.5B Total Revenue in Q4</strong></h2>
In its fourth quarter of 2021, Coinbase generated $2.50 billion in total revenue, up from $585.1 million in the year-ago quarter, while its monthly active user base has soared to 11.4 million.

The company’s net income overall has swelled from $176.8 million from the third quarter to $840.2 million in Q4 2021. Total retail trading volume was $177 billion, up 90% quarter-over-quarter while retail trading represented 32% of the company’s fourth-quarter trading volume. Meanwhile, institutional trading volume was $371 billion, up 59% from the third quarter.

Coinbase also used the earnings announcement to boast a host of new products which were already unveiled in the last few months, including a tax center and a payroll center.
<h2><strong>Trading and Non-Trading Revenues</strong></h2>
Out of all cryptocurrencies, Bitcoin (BTC) alone represented 16% of trading volume in the fourth quarter and 24% for the full year. The flagship cryptocurrency, however, represented 41% of trading volume in the fiscal year 2020.

Meanwhile, Ethereum (ETH) represented 16% of trading volume in the quarter and 21% in the full year, up from 15% from the previous fiscal year. Other cryptocurrencies totalled 68% of trading volume in the fourth quarter and 55% for the full fiscal year.

Interestingly, over $200 million of the company's revenue came from non-trading sources such as staking and lending, which is less than 10% of Coinbase's overall revenue.

Coinbase Posts Record Revenue in Q4 Earnings

US-based cryptocurrency exchange Coinbase has generated $2.5 billion of net revenue and $840 million of net income last quarter.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Coinbase Posts Record Revenue in Q4 Earnings

Top Picks