Coinbase’s Trading Volume Grew 8.5 Times in 2021 — With 89 Million Verified Users

The Nasdaq-listed cryptocurrency speech Coinbase says the fig of monthly transacting users connected its level roseate to 11.4 cardinal astatine the extremity of 2021, which was much than 4 times the erstwhile year. In addition, Coinbase’s trading measurement grew much than 8.5 times from the erstwhile year, and the fig of verified users has risen to 89 million.

A Good Year for Coinbase

The Nasdaq-listed crypto speech Coinbase released its fourth-quarter and full-year 2021 net study Thursday.

“2021 was a twelvemonth of tremendous maturation and improvement successful the cryptoeconomy, arsenic good arsenic for Coinbase. We ended 2021 with beardown show crossed our cardinal metrics that were wrong our outlook,” the institution wrote, adding:

We ended the twelvemonth with 11.4 cardinal Monthly Transacting Users (MTUs).

Coinbase noted that the fig of MTUs astatine the extremity of 2021 was “over 4x compared to 2020.” In addition, the fig of verified users connected its level has grown to 89 million.

During the year, Coinbase expanded its concern a fig of ways, including adding the “trading and custody enactment for 95 and 72 caller crypto assets, respectively.” The institution besides “more than doubled the fig of countries wherever users tin bargain and merchantability crypto via fiat rails to 90+, and added Apple Pay, Google Pay, and Paypal arsenic outgo methods.”

Moreover, Coinbase said:

In 2021, our trading measurement grew much than 8.5x compared to 2020, and our marketplace stock of trading measurement accrued successful virtually each assets.

The Nasdaq-listed crypto speech besides grew its organization lawsuit basal by implicit 50% past year. “On the organization side, a large taxable passim 2021 was adoption by a broader scope of clients seeking to prosecute with crypto — beyond plus managers and fiscal services firms to firm treasuries and organization allocators,” the institution noted, elaborating:

In 2021, we generated $3.6 cardinal successful nett income, up 11x compared to 2020.

What bash you deliberation astir Coinbase’s 2021 performance? Let america cognize successful the comments conception below.

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