[Digital Today Reporter Chigyu Hwang] The business report card of Coinbase, the largest cryptocurrency exchange in the United States, was released for the first time.
As the listing report (SI) submitted by Coinbase to the Securities and Exchange Commission (SEC) of the United States was released to apply for listing on the NASDAQ, it became possible to grasp the business-related details.
Coinbase posted 1.2 billion dollars in sales last year. This number more than doubled from $534 million in 2019. Last year’s profit was worth $322 million.
In 2019, when the cryptocurrency market hit the bottom, it recorded a loss of $30 million, which seems to have led to improved performance as it recovered a lot last year.
When Coinbase is listed on Nasdaq, it will become the first U.S. cryptocurrency exchange to become a public company.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.