Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
A week to its direct listing on Nasdaq, Coinbase has released its preliminary Q1 data, which reveals massive growth in its userbase and revenue. Trading volume on the exchange has grown by about 300%, while the revenue has grown to $1.8 billion, and more than 11% of all crypto assets in existence are stored on the platform.
The US-based exchange’s recent quarterly report shows that this is the best quarter so far for the exchange.
The company reported that its monthly transaction users (MTUs) have grown by over 117% since the end of 2020. At that time, the total number of users on the exchange was 2.8 million, and it has grown over the months to 6.1 million in Q1 2021.
As expected, this surge in user base has also driven Coinbase’s revenue to $1.8 billion. For context, this figure was 10x lesser than its current standing in Q1 2020, where the company realized only about $190 million.
11% of all Crytpcurreny Is on Coinbase
That said, based on the recent performance, preliminary estimation for this year’s first quarter should have a net profit between $730 million and $800 million.
Nonetheless, the crypto exchange giant noted that a large part of this spike is triggered by the ongoing bull cycle in the cryptocurrency market.
Worth mentioning is the fact that the entire cryptocurrency market is the billion of dollars worth of digital assets held on the platform. Coinbase revealed that as of March 31, there were about $223 billion stored on the platform.
You can purchase crypto coins here: Buy Coins
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
