The company has been very profitable, even though they aren't the largest global trading platform for cryptocurrency. Profitability in general has been touch-and-go for the platform, as they incurred losses in both 20. The shares brought in higher returns than projected in the second quarter of 2021. This allowed people to publicly trade shares of the company on the stock market. Note: 20 values are estimated based on Coinbase statements and analyst projections.Ĭoinbase went public on April 14, 2021. Coinbase Prime is a service offered that lets people have more robust management of their cryptocurrency holdings.Coinbase Pro is a subscription that appeals to more serious traders because the fees are between 0% and 0.5% of every transaction.Subscription products are offered as a stable ongoing alternative to more volatile cryptocurrency, so they will support the platform if the price of crypto crashes.In a filing with the SEC in 2019, Coinbase indicated that they expected their subscription revenue to more than double over the next year.In the second quarter of 2021, Coinbase reported that they had over $100 million in their revenue from subscriptions and services.This percentage may fluctuate depending on the changing volume and value of transactions on the platform.Around 4% of total company revenue is expected to be tied into subscriptions and services.In 2021, Coinbase generated over $100 million in revenue from subscriptions and services. This may indicate that the company is succeeding in expanding to parts of the cryptocurrency market that aren't related to Bitcoin, as well as bringing in more users and investors.The second quarter of 2021 had the second-highest transaction revenue ever reported by Coinbase, even though Bitcoin's value fell substantially during that time.Shares were expected to earn about $2.33 each, but instead they earned $3.45 for this quarter.Thanks to the high transaction performance, stockholders earned more than 50% more for each share than anticipated.As soon as the reports came out, the stock price of the company rose more than 2%, thanks to the favorable profitability.Revenue reports for the second quarter of 2021 indicated that the company had generated $1.9 billion in their transaction revenue.The more cryptocurrency is worth, the higher the transaction revenue becomes. Statistics show that 86% of Coinbase's revenue is from transaction fees. Coinbase generated $1.1 billion in transaction revenue in 2020 - a 2.37x increase over the previous year.
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