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[aryan4]

Bitcoin and coin exchange Coinbase announced the first quarter balance sheet figures for 2021. Coinbase's first quarter 2021 balance sheet is truly fascinating. According to the announced first quarter figures, this year's earnings for the first 3 months are more than the total earnings of 2020. first quarter earnings: $ 1.8 billion passive and $ 730-800 million net.
What do you think could be the reasons for the company's profit boom?

 

[Niftyicon]

Coinbase already hinted this and I was actually waiting to know how well they have done in Q1. This could only mean that more people have taken Cryptocurrencies seriously now more than ever and the reputation of the Coinbase platform is an added advantage.

 

[leithy]

I read those figures yesterday. It was also stated that the proceeds over the year from each member using the exchange was $30-$40. Coinbase obviously has an active membership base.

 

[Josemendez]

Coinbase has been one of the top cryptocurrency exchange company that have been very successful , earning such revenue within a short period is not surprising

 

[Wisdom01]

The reason is that the popularity of crypto currency is helping those exchange companies get more subscribers ,and if that amount continues to increase it would help them more

 

[aryan4]

I think coinbase is in its golden eras. She is aware of her trust and is constantly improving. The fact that it is listed on US stock exchanges is also a nice development. I guess now in the snow flare days.

 

[Josemendez]

The reason is that the popularity of crypto currency is helping those exchange companies get more subscribers ,and if that amount continues to increase it would help them more

Not just that , coinbase is suitable for UK and US citizens and these places have not just huge investors but wealthy ones .most of the institutions uses coinbase .

 

[Brain]

Coinbase already hinted this and I was actually waiting to know how well they have done in Q1. This could only mean that more people have taken Cryptocurrencies seriously now more than ever and the reputation of the Coinbase platform is an added advantage.

Exactly, the Coinbase platform is one place that people want to always use so I can believe this report because I know they would have made a lot of money from the users. Coinbase is a reputable platform as such people in numbers will love to use it and making huge amount of money will be very easy for them.