Guess How Much Profit Coinbase Made Since Launched in 2012?

[cryptozink]

Coinbase CEO, Brian Armstrong revealed today that the cryptocurrency exchange platforms popular with beginners netted $2 billions in profit since it was launched in 2012. He also expressed concerns with U.S. government trying to kill Facebook Stablecoin project.

Read full article: https://www.cryptozink.io/crypto-exchange-coinbase-profited-2-billion-from-transaction-fees/

[Oilacris]

For about 7 years then theres no doubt with those net profit numbers knowing that Coinbase is one of known exchangers as of todays and still operational.

On the side note you've talked about Stable coin on the link you've given and I'm surprised that its being obviously praised up. 

[DarkDays]

For about 7 years then theres no doubt with those net profit numbers knowing that Coinbase is one of known exchangers as of todays and still operational.

On the side note you've talked about Stable coin on the link you've given and I'm surprised that its being obviously praised up. 

Whatever you just said is almost illegible.

In any case, glad to see that Coinbase are actually profitable. They are one of the few crypto companies that actually put its money where its mouth is and helps promote cryptocurrency.

Not just for profit, but for the good of the industry. Coinbase earn is just one of the ways they are helping out, they also work with regulators and lobbyists to help ensure governments don't go overboard on regulations.

Good guy Coinbase, we need more platforms like it.

They're still expensive AF though.

[Kemarit]

I think the bulk of that earnings had come from the peak of 2017 because obviously that time many newbies come into the market, lots of irrational buyers specially in December of that year. At least they have survived the early storm and remain amongst the top exchanges of today. I guess US government just wanted to clear everything up regarding Facebook before they can give it a good signal. So that's why there are a lot of negativity about it as of today.

[binhvo1505]

Now I realize that new exchanges are types of businesses that are very profitable. Because the transaction demand is very high in the crypto market and especially the margin trading, fees are very high for high profits.
If Coinbase continues to expand margin trading for their trading systems, I think the profits could be doubled or tripled if the government doesn't control it too strictly. What do you think ?

[crwth]

No need to guess anymore because of the link that you are showing. Lol. I did see that article too.

Anyways, AFAIK, Coinbase is the go-to by beginners, especially the ones who are searching for what Bitcoin is and what it could do. With that being said, they are the most prominent Bitcoin Broker right now [1]. Being one of the largest have some benefits, and according to the article that I referenced here clearly shows why they are the biggest, being able to accept credit cards could be a factor. Of course, reputation.

[nasipadang]

Coinbase CEO, Brian Armstrong revealed today that the cryptocurrency exchange platforms popular with beginners netted $2 billions in profit since it was launched in 2012. He also expressed concerns with U.S. government trying to kill Facebook Stablecoin project.

Read full article: https://www.cryptozink.io/crypto-exchange-coinbase-profited-2-billion-from-transaction-fees/

I am happy with the growth of coinbase, even though I haven't used coinbase for a long time, because I'm supporting local exchangers in my country.
I have seen footage of the congress conducted by Mark and the matter of the launch of Facebook. Some quote from the Mark "they will not launch Libra without government regulation" and Mark also said "the creation of Libra is not to avoid government regulation" in fact I am less clear about the regulations that try to kill Libra.

[janggernaut]

Now I realize that new exchanges are types of businesses that are very profitable. Because the transaction demand is very high in the crypto market and especially the margin trading, fees are very high for high profits.
If Coinbase continues to expand margin trading for their trading systems, I think the profits could be doubled or tripled if the government doesn't control it too strictly. What do you think ?

If every new exchange really can make and earn easy money. There won't be any exchange closing down. We already knew there are some exchange which closing down due to low volume, so they can't keep with their site expense. As example, Liqui.io & coinexchange.

[MURONDI]

Coinbase is an old exchange, many people who know coinbase and of course have a lot of members, but most people seem to prefer to use coinbase as a wallet rather than as an exchange, I myself have long joined the coinbase but never traded there, if most people are active in coinbase exchange, there may be more coinbase income.

[nelson4lov]

Coinbase CEO, Brian Armstrong revealed today that the cryptocurrency exchange platforms popular with beginners netted $2 billions in profit since it was launched in 2012. He also expressed concerns with U.S. government trying to kill Facebook Stablecoin project.

Read full article: https://www.cryptozink.io/crypto-exchange-coinbase-profited-2-billion-from-transaction-fees/

Big congratulations to them. $2B in profits is a good sign of progress. Considering Coinbase is only available to few countries, I wonder what would Coinbase's profit be once they open worldwide. Binance recently posted some good profits about $180Mn+ in Q3 2019 alone. This goes to show how much these exchanges are earning in those withdrawal fees, transaction fees and those 0.25% trading fees. It only gets bigger as new users come aboard the crypto space.

[iamaruf]

Coinbase is good exchanger.but I faced a problem few days ago.they closed my account without any reason.tried to contact support but 7days over no response. Coinbase didn't give me warning nor asked fot KYC.They gave me chance to withdraw my balance.coinbase is really helpful for me.but nothing to do,I have move other wallet.

[leea-1334]

7 years and 2 billion dollars. No wonder Coinbase can afford to open new branches and expand to Europe. They should realize though that it is only because they monopolized US market that they made so much.

Now I wonder, what kind of profit Binance makes.

Do people realize we are giving exchanges so much money? Big case for P2P.

[Kasabus]

Honestly I thought its more than that, I don't know if they are under declaring but most businesses I know are manipulating their record to understate their tax liability. But anyway, that's still a good profit, which means that having a business in crypto has a great potential to make investors rich, coinbased proved it right, and I think that Binance is also making even more than their profit.

[GreenStox]

I think this has become a very reasonable thing if you have a cryptocurrency business that launches a platform for exchange or a cryptocurrency wallet that can be used by many people and is easy to use then it is certain you can get as much profit as coinbase.

[Strongkored]

7 years remain committed to developing their business, they deserve it.
Coinbase is an old exchange which gives many contributions to cryptocurrency, there are pros and cons but at least they are not like other old exchanges who deceive their users by became a scam.

[perla]

I think with their dedication, their profit is worth they get. Because to be exchanges or maybe wallet that really have reputation need long time and then a lot of good reviews which only can be proven by time. For now some exchanges not survived at least for 3 years.

[Pearls Before Swine]

Well considering that some companies make $2 bln per *quarter*, the numbers coinbase put up since 2012 don't seem all that remarkable.  However, we're talking about a bitcoin exchange here so that's at least encouraging.

This makes me wonder how much profit some of the other exchanges make, like yobit and binance.  I doubt it's anywhere near what coinbase makes, but its got to be significant.  It's too bad other exchanges are so non transparent and don't release data like this.

[cryptozink]

Why are you surprised? We have too many Sh*t stable coins, but a few good ones are necessary.

For about 7 years then theres no doubt with those net profit numbers knowing that Coinbase is one of known exchangers as of todays and still operational.

On the side note you've talked about Stable coin on the link you've given and I'm surprised that its being obviously praised up. 

[BitHodler]

This makes me wonder how much profit some of the other exchanges make, like yobit and binance.  I doubt it's anywhere near what coinbase makes, but its got to be significant.  It's too bad other exchanges are so non transparent and don't release data like this.

One way of trying to figure out what profits an exchange generates, is to calculate what their fee income is over the volume of all their trading pairs. It might not be accurate, but will give you an indication of their profits nonetheless.

Another income stream is the interest they generate on the fiat they hold on behalf of their traders. It's impossible to figure out exactly how much they hold in fiat, but I'm sure it's in the hundreds of millions at the very least.

Overall, Coinbase's $2 billion total profit is something the shareholders will be delighted with, especially with how most of the shareholders bought themselves into Coinbase when they weren't as big and dominant as they are today.

[Lanatsa]

7 years and 2 billion dollars. No wonder Coinbase can afford to open new branches and expand to Europe. They should realize though that it is only because they monopolized US market that they made so much.

Now I wonder, what kind of profit Binance makes.

Do people realize we are giving exchanges so much money? Big case for P2P.

How much more if we do talk about Binance profits yet it do caters out globally or without having some strict restrictions.

Its much more a new market but in terms of volume or liquidity then it can easily surpass out Coinbase.7 years and 2 billion dollars on
net isn't really that surprising with this exchange.

Giving way too much with CEX? People are aware on that but majority do think that they are much more reliable and come to think
these are the only place where you can transact FIAT->Crypto / Crypto->Fiat.