![]() ![]() ![]() ![]() ![]() Within Q2, Coinbase has spent over two weeks as a top 10 free app on iOS and Android. MTUs have grown since Madriven by continued strength in the crypto market and our increased investment in sales and marketing. For example, we expect total Trading Volume to meet or slightly exceed Q1 Trading Volume if our performance continues at the current pace. Other metrics for the trading platform were also as reported last month, including 56 million "monthly transacting users," or MTUs, $223 billion in assets, and trading volume of $335 billion.įor the current quarter, the company sees trade volume coming in at least as high as last quarter:Ĭoinbase quarter to date performance across our four key business metrics are trending to meet or exceed our Q1 results. That was consistent with an outlook offered April 6th, just before the initial public offering.Īnalysts had been modeling $1.79 billion and $3.05 per share. Revenue in the three months ended in December rose 12%, year over year, to $1.79 billion, yielding a net loss of $3.05 a share. The report follows a sharp sell-off in Bitcoin Wednesday evening, after Tesla CEO Elon Musk tweeted that the company would stop accepting payment in Bitcoin because he said the currency consumes too much energy when it is "mined" by coin minters. This market environment drove strong engagement with the Coinbase platform, reflected in retail, institutional and ecosystem partner growth across all key metrics including our Verified Users, retail Monthly Transacting Users (MTUs), Trading Volume, and Assets on Platform. By the end of Q1, the price of Bitcoin had nearly doubled to approximately $59,000 compared to the end of 2020, and the price of Ethereum more than doubled during this same period to approximately $1,900. Crypto market capitalization reached nearly $2 trillion at the end of Q1 2021 compared to $782 billion at the end of Q4 2020. We saw many crypto assets reach all time high prices, high levels of volatility, and increased interest across the entire cryptoeconomy. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |