bitcoinBTC/USD
$ 19,149.07
ethereumETH/USD
$ 1,056.32
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.449533
xrpXRP/USD
$ 0.316317
usd-coinUSDC/USD
$ 1.00

$2 Billion in Net Revenue for the 2nd Quarter Reported by Coinbase

The amount of around $2 billion was reported by Coinbase for Q2, most generated from retail transaction revenue.

According to today’s shareholder letter, institutional-oriented revenue made up $102 million which added with the $1.82 billion in retail transaction revenue make up $1.93 billion overall.

This signifies a $39 million increase in revenue compared to the 1st quarter, and a $465,47 million increase compared to the 4th quarter of 2020.

As per the shareholder letter, revenues from additional sources consisted of $102.6 million from subscription and services, blockchain revenue of $39 million, as well as custodial fees, and earn campaigns consisting of respectively $31,7 million and $16,9 million.

A total of $462 billion was marked by Coinbase in volume: retail consisted of $145 billion and institutional of $317 billion.

The drivers of the trading volume were the innovation of new products, the strength of the crypto market, increase in MTUs, and supporting capabilities for assets to be traded.

Assets in Coinbase for Q2 from institutional consisting of $92 billion and retail $88 billion made up $180 billion in total reported. Ethereum (ETH) made 24% of the amount, whereas Bitcoin (BTC) amounted to 47%.

The total market cap of crypto assets was reported at 11.2%. According to the shareholder letter, billions in asset influxes and new clients were seen all through the second quarter, even with the price fluctuations.

MTU growth for Q2 was reported at 8.8 million. The value of Coinbase’s stock at closing today was $269.67. 

Also read: No Further Interpretation on Crypto –US Senate Passes the Infrastructure Bill Anyway

Also read:

Related News

Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »
As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD).

Withdrawal Resumption Plan Is Not Moving Forward, CoinFLEX Backs Down

Withdrawals will not be resumed as anticipated, following a halt last week, CoinFLEX announced. As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD). After the token sale is completely carried out, CoinFLEX will disclose the process for permitting withdrawals, stated CEO Mark Lamb. “Extreme market conditions and continued uncertainty involving a counterparty” led CoinFLEX to hit a pause

Read More »
Just recently, the company had to reduce over 1% of its global workforce, making Coinbase vulnerable to the current market crash.

Coinbase Looking to Expand In Other Countries

Following the layoffs and rescinding of employment offers, the cryptocurrency exchange Coinbase intends to grow deeper into Europe. The intentions to register in nations such as Italy, Spain, France, and the Netherlands, were announced by Nana Murugesan, vice president of the California-based crypto exchange. Countries such as Germany, Ireland, the United Kingdom, and even Switzerland, where the first employee was hired recently, already have Coinbase as a licensed crypto exchange.

Read More »

My Coins

bitcoinBitcoin
$ 19,149.070.93%
ethereumEthereum
$ 1,056.320.77%
cardanoCardano
$ 0.4495330.72%
tetherTether
$ 1.000.02%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org