Coinbase bags US$ 2.5 billion in Q4 2021

by: Dynasty GI2022-03-02
The crypto exchange giant Coinbase announced net revenues of US$ 2.5 billion for the last quarter of 2021, following all-time high trading volumes of US$ 547 billion for the same quarter.
‘In 2021, millions of new users joined the crypto economy through Coinbase; we generated US$ 7.4 billion in net revenue – including US$ 2.5 billion in the fourth quarter’, the firm stated in a letter addressed to its shareholders. The result represents a major jump in Coinbase’s net revenue, as the exchange earned US$ 1.3 billion in the previous quarter of the year.

Coinbase is now setting its sights on the growing NFT market, with the company planning to launch its own marketplace set to rival existing giants such as OpenSea.
"The crypto world had a really buoyant end to 2021, with some adjustments earlier this year, as expected. I remain optimistic about the prospects of the digital asset sector in 2022 as it builds on the success of the previous year."
Stated Eduardo Carvalho, the founder and CEO of Dynasty Global.


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