In terms of expenses, we intend to prioritize investment, including in periods where we may see a decrease in Bitcoin price. This revenue unpredictability, in turn, impacts our profitability on a quarter-to-quarter basis. MTUs, Trading Volume, and therefore transaction revenue currently fluctuate, potentially materially, with Bitcoin price and crypto asset volatility. Impact of crypto prices on Coinbase’s results We believe that we can create long-term value throughout these price cycles. These cycles can be highly volatile, and as a result, we measure our performance over price cycles in lieu of quarterly results. On average, these price cycles have increased the overall crypto market capitalization significantly from the prior cycle and attracted new users into the cryptoeconomy. *This information is based on information available to the Company as of the date of this release and is subject to the completion of its quarterly financial closing procedures and review by the Company’s independent registered public accounting firm.Ĭrypto markets have observed four major price cycles since 2010 which have typically had durations ranging from two to four years. Net Income of approximately $730 million to $800 millionĪdjusted EBITDA of approximately $1.1 billion Total Revenue of approximately $1.8 billion Includes $122 billion of Assets on Platform from Institutions Monthly Transacting Users (MTUs) of 6.1 millionĪssets on Platform of $223 billion, representing 11.3% crypto asset market share (the “Company”) today issued estimated results for its first quarter ended Maand an outlook for the full year ending December 31, 2021.įor the first quarter of 2021, the Company currently expects the following as of or for the three months ended March 31, 2021: Remote-First-Company/NEW YORK-(BUSINESS WIRE)-Ĭoinbase Global, Inc.
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