Coinbase Generated $2B In Q2 2021

The largest U.S user based Coinbase Exchange announced their net revenue for the second quarter. They made around $2 billion and most of the revenue they generated are from the retail traders.

Coinbase Exchange, which was started with their service to provide private third party crypto wallet service, Now is a popular crypto Exchange of the crypto market. Coinbase has a target to consume users from all over the world but its major users base are from the U.S. region. In the present time, Coinbase makes huge revenue in the crypto business through their users.

According to the reports based on the shareholder letter, which was published by the Coinbase team on Tuesday, Coinbase generated around $1.84 billion net revenue through their retail traders. They made $102 million from institutional-oriented sources. 

In other ways, they generate around $31.7 million from custodial, $39 million in “blockchain revenue”, and $16.9 million from Earn campaigns. “Subscription and services revenue” generated around a total of $102.6 million.

So the net revenue that Coinbase firm made is around $2 billion. While they made $1.54 billion in the first quarter of 2021. So a total 23% growth in income can be seen within 3 month. This clearly shows how much people are crazy in the crypto market.

Coinbase added that

“Q2 MTU growth was driven by the crypto market environment, product launches, our marketing efforts, and the growing number of crypto assets we support”

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