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Coinbase UK Made £127 Mln in 2017, According to Its First Full-Year Earnings Report

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Wed, 10/10/2018 - 14:56
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Coinbase UK Made £127 Mln in 2017, According to Its First Full-Year Earnings Report
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According to a recently published report, Coinbase UK managed to make £127.89 mln in 2017. Meanwhile, Coinbase raked in more than $1 bln over the same period of time.   

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It’s impossible to make any conclusion about the growth of Coinbase’s UK subsidiary since this is its first annual report, but the abovementioned figures are undoubtedly impressive. One should take into account that this report also includes last December when the market reached its peak. Hence, the 2018 revenue will be much smaller due to the dramatic crypto rout (trading activity on Coinbase dropped by more than 83 percent since January).

Still, the total profit of all crypto exchanges is expected to reach $4 bln by the end of 2018.
 

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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