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Home NEWS NEWS BITCOIN It is true that the largest US crypto exchange, by revenue ...

It's true that America's largest crypto exchange, Coinbase's revenue more than doubled

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Algorand price unexpectedly increased 30% after listing on Coinbase

As expected of the number one cryptocurrency exchange in the United States. 

Turnover of the exchange Coinbase In the past, it has been very impressive, outstripping many domestic cryptocurrency exchanges.

Specifically, on February 25, Coinbase applied to the regulator to become a public company. In the filing, Coinbase disclosed last year's 2 net sales of $ 2020 billion, more than double the figure of $ 1,14 million in 483. While net profit was $ 2019 million.

As of the end of 2020, Coinbase said that 43 million users had been identified by the exchange. Number of transactions per month is 2,8 million people. In which, transactions in BTC and ETH account for 56%.

Coinbase said it will choose the Direct Listing form, or direct listing, instead of going public. Direct listing does not issue new shares, no intermediaries are needed to underwrite the issue. The current shareholders and employees will convert their holding shares into listed shares.

Coinbase's opting for a direct listing is the same as the other big names have recently chosen, for example, music streaming service Spotify.

In addition, Coinbase shares are expected to trade on the Nasdaq.


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