Coinbase Expects $1.8 billion profit in the first quarter 2021 of the year – Bits Media

The American cryptocurrency exchange Coinbase before the upcoming deposit of shares presented the expected financial results - for the first quarter 2021 the company plans to get $1.8 billion in profits.

It is assumed, that I quarter 2021 years can become the most successful period over the past few years. The total trading volume will be approximately $335 billion, Whereas in the IV quarter of last year, the indicator reached only $89 billion. Pure income will be "from $730 million to $800 million ".

Currently, the site is registered 56 Million of verified users, and the number of active customers, committed at least one transaction per month, It is 6.1 million. The volume of cryptocurrency assets stored by the exchange is $223 billion.

Recall, what 14 April Coinbase will conduct a direct listing of shares on the Nasdaq Stock Exchange. At the same time, already now contracts for shares are traded at the FTX site for $487, what gives coinbase capitalization in $121.7 billion.

Besides, Coinbase plans to continue to develop its platform and increase marketing costs. Expected, that the costs of operational activities of the company will be from $1.3 billion to $1.6 billion.

According to the financial director of the exchange Alesia Haas (Alesia Haas) Each active user of the company brings monthly profit to $34-$44. But in 2021 the company expects an increase in this indicator.

Earlier Coinbase Director General Brian Armstrong (Brian Armstrong) stated, that on the site is quite possible the listing of state digital currencies.