Quick Summary of Coinbase Statistics
- Over 100 million users accessed Coinbase in 2022.
- 92.8% year-on-year growth in users from 2021 to 2022.
- Monthly transacting users (MTU) have declined significantly post-2021 peak.
- Quarterly trading volume peaked at $547 billion (Q4 2021).
- Quarterly net revenue peaked at $2.27 billion (Q4 2021).
- Reported $545 million loss in Q3 2022.
Coinbase User Growth Trends
Historical Growth Metrics
- 2021: 56 million users
- 2022: 108 million users (92.8% increase).
- 9-year growth: Over 100x expansion.
Quarterly Highlights
2021 Surges:
- Q1–Q2 2021: 20% growth.
- Q3–Q4 2021: 21.9% growth.
- MTU Decline: Peaked in Q4 2021; downward trend since.
Geographic Traffic Distribution
- 53.34%: United States
- 7.82%: United Kingdom
- 5%: India
Coinbase Trading Volume Analysis
Key Trends
Daily Volume Peaks:
- 2021: $11.12 billion
- 2022: $5.17 billion
- Pre-2021 peaks were 75% lower than 2021 highs.
Quarterly Trading Volume
- Q4 2021: $547 billion (all-time high).
- Q2 2021: $462 billion (second-highest).
- Post-Q4 2021: Consistent decline.
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Asset-Specific Trends
- Bitcoin (BTC): Dropped from 50% to 30% of total volume (2020–2023).
- Ethereum (ETH): Rose from 16% to 33% in the same period.
- Altcoins: Collective trading volume surpassed BTC/ETH since Q3 2020.
Coinbase Revenue and Financial Performance
Revenue Breakdown
- Peak Revenue: $2.27 billion (Q4 2021).
- Decline: 55.5% drop Q4 2021–Q1 2022.
Retail vs. Institutional:
- Retail: $2.18 billion (Q4 2021).
- Institutional: $102 million (Q2 2021).
Income Trends
- Net Income: Negative since Q1 2022.
- Q3 2022: $545 million loss.
FAQs About Coinbase
1. How many users does Coinbase have?
Coinbase reached 108 million users in 2022, up from 56 million in 2021.
2. What was Coinbase’s highest trading volume?
The platform hit $547 billion in Q4 2021.
3. Why has Coinbase’s revenue declined?
Reduced trading activity post-2021 crypto market slump impacted earnings.
4. Which country uses Coinbase the most?
The US accounts for 53.34% of its web traffic.
5. Is Coinbase profitable?
As of Q3 2022, Coinbase reported a $545 million loss.
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Final Thoughts
Coinbase remains a dominant player despite market challenges, with significant retail-driven revenue and global reach. However, declining MTUs and trading volumes highlight the need for adaptive strategies in a volatile crypto landscape.
Disclaimer: Cryptocurrencies are speculative and involve risks. Past performance doesn’t guarantee future results. Consult financial advice before investing.
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