Nearly Half of Coinbase’s $1 Bln Revenue Was Earned in December

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Wed, 02/28/2018 - 16:49
Patrick Thompson
The new independent analysis conducted by Superfly Insights estimates that nearly half of Coinbase’s $1 bln revenue in 2017 was made in December alone
Cover image via U.Today

A new independent analysis conducted by Superfly Insights estimates that nearly half of Coinbase’s $1 bln revenue in 2017 was made in December alone. As of Sep. 30 2017, Coinbase was expecting to bring in about $600 mln in revenue. However, the surge in Bitcoin that occurred in late November/early December brought high volumes of traffic to the Coinbase exchange. The New York Times reported that Coinbase was receiving eight times as much user traffic in December than they were in June. That being said, Coinbase makes their money off transaction fees, and it is estimated that 43 percent of Coinbase’s total revenue came in December.

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About the author

Patrick Thompson is a freelance writer who has written for several publications in the past about a vast range of topics.  Thompson is an Economics & Philosophy major at Rutgers University, where he is currently completing his senior year; upon graduating, Thompson plans to go to law school. Thompson is currently the

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