The Media: Coinbase Earned $520 Million in 2018
A leading US crypto currency company earned approximately $250 million in 2018, its British department earned 20% more this year than in 2018.
Despite the market drop against the background of which many companies had serious financial issues, Coinbase’s department in Great Britain earned more than $153 million Euros ($172 million). The data is provided in a filing submitted to the UK’s corporate registry.
The CEO of Coinbase UK Zeeshan Feroz notes that the British department earns almost 1/3 of the company’s income. Thus, it’s possible to calculate that the total income of Coinbase is more than $500 million. The exchange representatives declined to comment on this data.
Additionally, according to PitchBook research, the crypto currency industry sees increase in activity of venture investors. They have already invested approximately $850 million this year.
To recap, Coinbase announced expanding its services to 11 more countries around the world, including Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.