• About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$61,573.00-2.13%
  • ethereumEthereum$2,429.81-1.73%
  • xrpXRP$1.68-4.09%
  • bitcoin cashBitcoin Cash$910.8610.58%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Coinbase Holds $90 Billion in Assets on Its Platform

Sherlock Gomes by Sherlock Gomes
January 25, 2021
in Crypto news
Reading Time: 3min read
Coinbase Holds $90 Billion in Assets on Its Platform

Popular American cryptocurrency exchange Coinbase recently revealed that it’s over 43 million retail and institutional customers hold over $90 billion in assets on its platform.

Capital increased in 2021

2020 brought about more volatility and increased trading in both traditional and digital assets. The rise in institutional adoption and the consequent bull period in cryptocurrencies are responsible for this rise. In November, the San Francisco-based exchange said that it holds $20 billion worth of digital currencies of which $14 billion worth of assets were added in the previous six months alone.

Coinbase Holds $90 Billion in Assets on Its Platform

The firm also has 43 million accounts from people based in 100 countries. This number is up by 8 million compared to mid-2020. However, the firm didn’t specify how many of the accounts were actively trading on the platform. In the ‘Coinbase 2021 Review’ the firm said that it now operates the largest regulated cryptocurrency exchange in the world and continues its path to growth.

Eyeing an IPO

The firm could be eyeing an IPO that would make it a unique entity in the crypto space. It recently submitted a draft registration as well, confirming the rumored plans to go public. According to analysts, the IPO could be worth as much as $28 billion.

The exchange has 500 employees and remains one of the most popular crypto exchanges in the world. It has raised a total of $525.3 million to date. The latest funding round was in 2018 where it raised $300 million. At the time, Coinbase was the largest digital asset exchange and its valuation was $8 billion. No official figures are available about the firm’s revenue. However, Coinbase reported good revenues after the 2017 bull run. Its revenues went from $16 million I 2016 to $923 million in 2017.

Coinbase also noted that it did not see sizeable investments flowing into DeFi assets from institutional clients in 2021. This class of assets is still limited to some family offices and venture capital funds and is primarily driven by retail investors.

Tags: $90 Billion in AssetsCoinbasecryptocurrency exchangeDigital assets

Related Posts

Coinbase To Experience Fee Compression In Long Term – Brian Armstrong
Crypto news

Coinbase To Experience Fee Compression In Long Term – Brian Armstrong

April 14, 2021
Bitcoin Can Reach $92K In 3 Weeks But Fail To Match Bull Run RSI Peaks – PlanB
News

Bitcoin Can Reach $92K In 2 Weeks But Fail To Match Bull Run RSI Peaks – PlanB

April 14, 2021
Will The Coinbase Stock Justify Its $100B Valuation?
News

Will The Coinbase Stock Justify Its $100B Valuation?

April 14, 2021
Facebook Twitter Instagram Telegram RSS Youtube

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.