October 31, 2018, 6:26AM EDT
• 2 min read

Analysis: Coinbase is projected to bring in $456 million in profits in 2018 despite the bear market

Quick Take

  • Coinbase is projecting to bring in $1.3 billion in revenue and $456 million in profits in 2018
  • Coinbase’s revenues “are currently 100% transactional”
  • The profit margin was 41% last year while it is estimated to be 35% this year — potentially because of the rapid increase in staff
  • Coinbase’s volumes will most likely reach $83 billion in 2018 while they were approximately $68 billion in 2017 (22% increase YoY)

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here