Coinbase would now be the 17th largest bank in the United States, with $223 billion

[Dato]

Coinbase would now be the 17th largest bank in the United States, with $223 billion

<!-- SC_OFF --><div class="md"><p>Coinbase just dropped the Q1 earnings and outlook. As expected higher revenue than in the entire 2020.</p> <p>Q1 summary:</p> <blockquote> <p>~$1.8 billion revenue</p> <p>Adjusted EBITDA of ~$1.1B</p> <p>Net income of $730-800M </p> <p>56M verified users (+13M)</p> <p>6.1M monthly transacting users (+3.3M)</p> </blockquote> <p>Growth over last quarter</p> <blockquote> <p>Revenue —&gt; 207.6%</p> <p>Net income —&gt; 312.9%</p> <p>Traded volume —&gt; 272.0%</p> </blockquote> <p>Assets on Platform are ~$223B and $122B of that is coming directly from institutions.</p> <p>H/T — WeTheMedia</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/pikcoolski"> /u/pikcoolski </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mm1r7m/coinbase_would_now_be_the_17th_largest_bank_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mm1r7m/coinbase_would_now_be_the_17th_largest_bank_in/">[comments]</a></span>Kind Regards R