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

Coinbase UK managed to make £127.89 mln in 2017. It raked in more than $1 bln over the same period of time. It’s impossible to make any conclusion about its growth

Wed, 10/10/2018 - 14:56

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.

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.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.