Coinbase Revenue and Usage Statistics (2022)

David Curry

Updated: September 6, 2022

Coinbase has led the way for cryptocurrency since its inception in 2012, as the largest exchange in the United States by volume. 

While known primarily as an exchange and storage service for Bitcoin, Coinbase also offers a wide range of other crypto and fiat currency exchanges. 

In a time before Bitcoin ballooned in value, Coinbase integrated its payment processing capabilities into Stripe, Braintree and PayPal, alongside merchant partnerships with Dell, Expedia and Time Inc.

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.

Coinbase has 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. 

Cryptocurrency had another moment in 2021, with Bitcoin’s price skyrocketing from $5,500-$7,500 for most of 2020 to a peak of $40,027 on 19 February. That declined significantly in 2022 with Bitcoin and the entire cryptocurrency value dropping heavily. 

Coinbase went public in 2021 but its own value has become somewhat tied to Bitcoin’s price, which has led to a steady decline in value throughout 2022.

In terms of rivals, Coinbase is not the largest cryptocurrency exchange in the world and is considered to be more for amateur traders. Binance, founded in 2017, has higher trading volume worldwide, mostly from Asian trading. 

Coinbase faces competition on the amateur-side from Square’s Cash App and Robinhood in the US, which both offer cryptocurrency trading. In Europe, Revolut has started offering similar exchange services.

We have collected data and statistics on Coinbase. Read on below to find out more.

Coinbase key statistics

  • Coinbase generated $7.8 billion in revenue in 2021, a 550% increase on 2020
  • Coinbase has 98 million users worldwide and 8.8 million people actively exchange every month
  • It also generated $3 billion in net income, a huge improvement on the $108 million it reported in 2020
  • Coinbase has $223 billion in assets under management

Coinbase overview

Title 1Title 2
Launch dateJune 2012
HQSan Francisco, California
PeopleBrian Armstrong (CEO, co-founder), Emilie Choi (COO)
IndustryCryptocurrency
Company typePrivate

Coinbase revenue

Coinbase revenue skyrocketed in 2021, from $1.2 billion in 2020 to $7.8 billion in 2021, a 550% increase.

Coinbase quarterly revenue 2020 to 2022 ($mm)

Coinbase annual revenue 2017 to 2021 ($mm)

YearRevenue ($bn)
20170.9
20180.5
20190.5
20201.2
20217.8

Sources: Company data, Reuters

Coinbase profit

Coinbase made $3 billion net income in 2021, far more than the $108 million it reported in 2020.

Coinbase annual net income 2017 to 2021 ($mm)

YearNet income ($mm)
2017380
2018-55
2019-30
2020108
20213097

Source: Company data

Coinbase users

Coinbase reported 98 million registered users in early 2022, a 42 million increase on the same time last year, although most were added in 2021.

Coinbase annual users 2014 to 2022 (mm)

YearUsers (mm)
20141
20152
20165
201713
201822
201930
202035
202156
202298

Sources: Altana Digital Currency Fund, Company data

Coinbase monthly active users

Close to nine million users were active more than once a month on Coinbase in 2021. We expect this value has declined in 2022.

Coinbase monthly active users 2018 to 2021 (mm)

YearMAUs (mm)
20180.7
20191
20202.8
20218.8

Source: Company data

Coinbase valuation

Coinbase was valued at around $65 billion at its IPO, but that value has dropped to less than its 2020 private valuation in 2022.

Coinbase valuation 2017 to 2022 ($bn)

YearValuation ($bn)
20171.6
20188
202028
202165
202218

Note: 2022 market cap as of June 20. Sources: CNBC, Messari, TechCrunch 

Coinbase assets under management

Coinbase had $223 billion assets under management in 2021, a 519% increase on the previous year.

Coinbase annual assets under management  2018 to 2021 ($bn)

YearAssets under management ($bn)
201811
201918
202036
2021223

Source: Company data

Coinbase transaction volume

Coinbase reached over $1 trillion transaction volume in 2021, over eight times the volume it had in 2020.

Coinbase annual transaction volume 2017 to 2021 ($bn)

YearTransaction volume ($bn)
2017135
2018105
2019130
2020195
20211650

Source: Company data

Coinbase vs competitors: revenue

Want to learn more? Read our cryptocurrency exchange sector profile

Coinbase FAQ

What is Coinbase 24 hour peak trading volume?

On January 11, 2021, Coinbase reached $9.56 billion in exchange volume, 57.9 percent higher than the previous peak (Block Crypto)

How many merchants accept Coinbase Bitcoin payments? 

Over 8000 merchants accept Coinbase. It has also launched its own Visa debit card in Europe and US

How many countries is Coinbase available in?

Coinbase is available in over 100 countries and has over 115,000 ecosystem partners

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