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Coinbase Global Inc

Coinbase, One of the Biggest Cryptocurrency Platform

 

Presentation of the company


 

Coinbase (NASDAQ: COIN), is an American company that operates a cryptocurrency exchange platform. It is a distributed company; all employees operate via remote work. The purpose of the company is making digital currency accessible and approachable for everyone by becoming the most trusted company in the domain and create user-focused products that are easier and more intuitive to use. Coinbase reportedly has users from more than 100 countries. Coinbase also suffered from a number of allegations, including overcharging customers for trades and not making currency available on time. It also was forced to give details of traders which owned high amounts of cryptocurrency in the United States to the IRS. 

Coinbase’s main competitors are Robinhood, Binance, and Crypto.com.

Source : businessofapps.com

Source : statista.com

 

History of Coinbase

 

Coinbase (NASDAQ: COIN) was founded in June 2012 by Brian Armstrong. In October 2012 the company launched the services to buy and sell bitcoins through bank transfers. In 2013, they hired their first employee.

2017 was seen as a pivotal point for cryptocurrencies and Coinbase, which added several new coins to the exchange and reached almost $1 billion in revenue. 50 percent of Coinbase revenue in 2017 came during December, when the price of Bitcoin rose from $6,540 to $14,782 (https://www.businessofapps.com/data/coinbase-statistics/).

In 2020, the company launched Coinbase Card, its own Visa card that allows customers to spend cryptocurrency and Coinbase Commerce, a payment service for merchants.

Source : businessofapps.com

Source : macrotrends.com

 

The market

 

 

Coinbase (NASDAQ: COIN) is a cryptocurrencies exchanger and wallet. The first cryptocurrency to ever exist was the Bitcoin in 2009, and it was first used only in 2010, (https://techjury.net/blog/cryptocurrency-statistics/#gref) which shows how young the market is. Cryptocurrencies, through time, became more and more considered as a trusted and reliable way to store or use people’s money. Nowadays, cryptocurrency is known all around the world, the market is growing exponentially for years, banks and governments are getting really interested in it and the public opinion has switched sides. Nevertheless, it remains a very unstable, volatile market.

It is a market that still has huge potential, in which investors look closely. Analysts expect it to grow to $23.3 billion by 2023 (https://www.prnewswire.com/news-releases/blockchain-market-worth-23-3-billion-by-2023-exclusive-report-by-marketsandmarkets-tm--895305466.html).

Source : statista.com

Source : statista.com

 

Key figures and financial ratios

 

Market capitalization: $13,83 billions (2022)market-cap)

Revenue: $7,839 billions (2021) (revenue)

Net income: $3,097 billions (2021) (net-income)

Earnings per share: $14,5 (202) (eps-earnings-per-share-diluted)

Price to earnings ratio: ≃6,72 (2022) (pe-ratio)

Debt-to-equity ratio: 0,52 (2022) (debt-equity-ratio)

Source : businessofapps.com

Source : businessofapps.com

Graniteshares Offering Products

COINBASE

Sources

 

  1. market-cap
  2. revenue
  3. net-income
  4. eps-earnings-per-share-diluted
  5. pe-ratio
  6. debt-equity-ratio

 

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