Coinbase Is Making $2.7 Million a Day

in #bitcoin7 years ago

As America’s largest bitcoin broker, Coinbase claims the lion’s share of the money that’s pouring into the crypto space at a dizzying rate. 2017 was a bumper year for all crypto exchanges, which reported record numbers across the board: new signups, new staff hired, new trading pairs, and new revenue. Those revenue streams have turned into a torrent that has caused Coinbase’ coffers to swell.

“As a private company, Coinbase does not allow trading of stock on secondary markets for a variety of reasons, including the fact that there is not full and equal information available to the market,” read a company statement. “We will take appropriate action if we find people have sold Coinbase shares in violation of our agreements not to do so.”

Running a major cryptocurrency exchange can be a logistical nightmare, but the rewards make it all worthwhile. In information released to shareholders this week, Coinbase revealed that it recorded turnover of $1 billion last year, which works out at an astonishing $2.74 million a day or $2,000 a minute.


Source 1: https://news.bitcoin.com/coinbase-making-2-7-million-day/
Source 2: http://www.altcoinstalks.com/index.php?topic=4862.0

Image source: 1, 2,

cordillerraabit.gif

Join us on https://altcoinstalks.com


Get kucoin bonus

Get Sphere coin bonus

Get action coin bonus

Get swift coin 500 daily

Get 50 WCT

Get token go


Facebook | Twitter | Telegram

Sort:  

Keep moving along VCs we do not need your $$

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/watch?v=A82AqnVaz_A

so cool no youtube on the blog but anyway thank you