Key Insights at a Glance
- 73 million verified users on Coinbase (2021 data)
- $65 billion valuation (2021)
- $4.03 billion revenue generated in 2021
- 11.3% of global crypto market cap held on Coinbase
- 8.8 million monthly active users (2021)
Coinbase Overview
Coinbase remains a dominant force in the cryptocurrency exchange space, particularly in the U.S. Below is a snapshot of its growth and performance metrics.
| Metric | Value (2021) |
|---|---|
| Total Users | 73 million |
| Annual Revenue | $4.03 billion |
| Valuation | $65 billion |
| Profit | $2.36 billion |
| Monthly Active Users | 8.8 million |
| Employees | 2,100+ |
User Growth and Engagement
Historical User Growth
Coinbase has experienced exponential user growth since its inception:
| Year | Total Users | Monthly Active Users (MAUs) |
|---|---|---|
| 2014 | 1 million | N/A |
| 2017 | 13 million | 0.7 million (2018) |
| 2020 | 35 million | 2.8 million |
| 2021 | 73 million | 8.8 million |
- 6.1 million users conduct at least one transaction monthly.
- User base more than doubled from 2020 to 2021.
Financial Performance
Revenue and Profit Trends
| Year | Revenue | Profit |
|---|---|---|
| 2017 | $927 million | $380 million |
| 2020 | $1.14 billion | $322 million |
| 2021 | $4.03 billion | $2.36 billion |
- 86% of revenue comes from transaction fees.
- 2021 profit surged 7.3x compared to 2020.
Transaction Volume
| Year | Total Volume |
|---|---|
| 2017 | $135 billion |
| 2020 | $195 billion |
| 2021 | $797 billion (H1) |
👉 Explore Coinbase’s trading tools for institutional and retail investors.
Market Share and Assets
Cryptocurrency Holdings
- 11.3% of global crypto market cap is held on Coinbase.
- $223 billion in assets under management (2021).
Most Held/Traded Cryptocurrencies
| Cryptocurrency | % of Assets Held | % of Trading Volume (2020) |
|---|---|---|
| Bitcoin (BTC) | 70% | 41% |
| Ethereum (ETH) | 13% | 15% |
| Others | 17% | 44% |
Institutional vs. Retail Activity
Institutional Trading
- 8,000+ institutional clients (2021).
- 64% of total trading volume in Q4 2020 ($57 billion).
Retail Trading
- $32 billion volume in Q4 2020 (36% share).
- Average deposit size: $529 (Feb 2021).
Supported Cryptocurrencies
- 108 assets supported as of December 2021.
- Added 68 new assets since 2019.
FAQs
1. What’s Coinbase’s peak 24-hour trading volume?
$9.5 billion (January 11, 2021).
2. How many merchants accept Coinbase payments?
Over 8,000 businesses globally.
3. What’s the average crypto holding per user?
Approx. $5,000 (2021 data).
👉 Learn how Coinbase compares to other exchanges in fees and features.
Conclusion
Coinbase continues to lead the U.S. crypto market with robust user growth, revenue, and institutional adoption. Its dominance in Bitcoin/Ethereum trading and expanding asset support position it for sustained expansion.
Article Sources
- Coinbase Official Reports
- SEC Filings
- Earnest Research