Coinbase Revenue and Usage Statistics (2021)

David Curry

Updated: May 3, 2021

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. In the two years after, the company managed less than 60 percent of that, due to the value of Bitcoin dropping and remaining at a steady rate.  

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. 

Cryptocurrency is having 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. As part of this new surge in Bitcoin price, Coinbase had its most successful quarter, generating $585 million of the $1.14 billion in Q4 2020.  

This may be why the startup is planning to IPO this year, to make most of the current hype surrounding Bitcoin and cryptocurrency trading. 

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 has 43 million users worldwide and over 2.8 million people actively exchange every month
  • Coinbase generated over $1 billion in revenue in 2020, a 136 percent increase on 2019
  • It also generated $322 million in net profit, the first time it made a yearly profit since 2017
  • Coinbase significantly increased its assets under management in 2020, from $35 to $223 billion

Coinbase overview

Launch date June 2012
HQ San Francisco, California
People Brian Armstrong (CEO, co-founder), Emilie Choi (COO)
Industry Cryptocurrency
Company type Private

Coinbase revenue

Year Revenue
2016 $16 million
2017 $927 million
2018 $520 million
2019 $483 million
2020 $1140 million
Q1 2021 $1800 million

Sources: Coinbase, Reuters

Note: 50 percent of Coinbase revenue in 2017 came during December, when the price of Bitcoin rose from $6,540 to $14,782.

Coinbase profit

Year Profit
2017 $380 million
2018 ($55 million)
2019 ($30 million)
2020 $322 million
Q1 2021 $765 million

Source: Coinbase

Note: 2018 and 2019 values are estimated based on Coinbase statements and analyst projections.

Coinbase users

Year Users
2014 1 million
2015 2 million
2016 5 million
2017 13 million
2018 22 million
2019 30 million
2020 35 million
2021 56 million

Source: Altana Digital Currency Fund, Coinbase

Coinbase monthly active users

Year MAUs
2018 0.7 million
2019 1 million
2020 2.8 million
2021 6.1 million

Source: Coinbase

Note: Accounts that make more than one transaction per month. Many accounts may be considered inactive, but have investors actively holding Bitcoin and other cryptocurrencies.

Coinbase valuation

Year Valuation
2017 $1.6 billion
2018 $8 billion
2020 $28 billion
2021 $65 billion

Sources: TechCrunch, CNBC, Messari

Note: Coinbase set a direct listing price of $250 a share, valuing the company at least $65 billion. Shares were reportedly being traded at a valuation of $100 billion on private markets pre-IPO. 

Coinbase assets under management

Year Assets under management
2018 $11 billion
2019 $18 billion
2020 $36 billion
2021 $223 billion

Source: Coinbase 

Coinbase total transaction volume

Year Total transaction volume
2017 $135 billion
2018 $105 billion
2019 $130 billion
2020 $195 billion
Q1 2021 $335 billion

Source: Coinbase

Coinbase integrated apps

Year Integrated apps
2014 5,000 
2016 7,000
2018 10,000

Source: Coinbase

Coinbase vs Binance: assets under management

Read more about cryptocurrency and fintech in our 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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