Coinbase Revenue and Usage Statistics (2024)

David Curry

Updated: November 8, 2024

Coinbase has led the way for cryptocurrency since its inception in 2012, as the largest exchange in the United States by volume.

While known primarily as an exchange and storage service for Bitcoin, Coinbase also offers a wide range of other crypto and fiat currency exchanges.

In a time before Bitcoin ballooned in value, Coinbase integrated its payment processing capabilities into Stripe, Braintree and PayPal, alongside merchant partnerships with Dell, Expedia and Time Inc.

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2017 was seen as a pivotal point for cryptocurrencies and Coinbase, which added several new coins to the exchange and reached almost $1 billion in revenue.

Coinbase has suffered from a number of allegations, including overcharging customers for trades and not making currency available on time. It also was forced to give details of traders which owned high amounts of cryptocurrency in the United States to the IRS.

Cryptocurrency had another moment in 2021, with Bitcoin’s price skyrocketing from $5,500-$7,500 for most of 2020 to a peak of $40,027 on 19 February. That declined significantly in 2022 with Bitcoin and the entire cryptocurrency value dropping heavily.

Coinbase went public in 2021 but its own value has become somewhat tied to Bitcoin’s price, which led to a heavy decline in value in 2022. Fortunes have started to turn around in 2023, with Bitcoin’s price increasing slowly throughout the year.

In terms of rivals, Coinbase is not the largest cryptocurrency exchange in the world and is considered to be more for amateur traders. Binance, founded in 2017, has higher trading volume worldwide, mostly from Asian trading.

Coinbase faces competition on the amateur-side from Square’s Cash App and Robinhood in the US, which both offer cryptocurrency trading. In Europe, Revolut has started offering similar exchange services.

We have collected data and statistics on Coinbase. Read on below to find out more. Want to dive deeper into the cryptocurrency market? Check out our finance app report.

Coinbase Key Statistics

  • Coinbase generated $2.9 billion in 2023, a 6.4% decline on the previous year
  • Coinbase has 105 million users worldwide and 9.5 million people actively exchange every month
  • It made a $95 million net profit in 2023, reversing a $2.6 billion net loss
  • Coinbase total assets under control were $101 billion in 2023, an increase on 2022 but much lower than 2021

Finance App Report 2024

Want to learn more about the finance app industry? In our Finance App report, we cover financials, forecasts, usage, downloads, demographics and benchmarking data.

Coinbase Overview

Title 1Title 2
Launch dateJune 2012
HQSan Francisco, California
PeopleBrian Armstrong (CEO, co-founder), Emilie Choi (COO)
IndustryCryptocurrency
Company typePrivate

Coinbase Revenue

Coinbase revenue declined in 2023, from $3.1 billion in 2022 to $2.9 billion in 2023.

Coinbase revenue 2020 to 2024 ($mm)

Coinbase revenue 2017 to 2023 ($mm)

YearRevenue ($bn)
20170.9
20180.5
20190.5
20201.2
20217.8
20223.1
20232.9

Sources: Finance App Report, Company data

Coinbase Profit

Coinbase made a $95 million net profit in 2023, a huge swing for the company which reported a $2.6 billion loss in 2022.

Coinbase net income 2017 to 2023 ($mm)

YearNet income ($mm)
2017380
2018-55
2019-30
2020108
20213097
2022-2625
202395

Sources: Finance App Report, Company data

Coinbase Users

Coinbase reported 105 million registered users in 2023.

Coinbase users 2014 to 2023 (mm)

YearUsers (mm)
20141
20152
20165
201713
201822
201930
202037
202168
2022103
2023115

Sources: Altana Digital Currency Fund, Company data

Coinbase Monthly Active Users

9.5 million users were active more than once a month on Coinbase in 2023, a slight increase on the nine million active in 2022.

Coinbase monthly active users 2018 to 2023 (mm)

YearMAUs (mm)
20180.7
20191
20202.8
20218.8
20229
20239.5

Source: Company data

Coinbase Valuation

Coinbase had a valuation of $65 billion in 2021, but has seen that valuation drop significantly in the years since.

Coinbase valuation 2017 to 2023 ($bn)

YearValuation ($bn)
20171.6
20188
202028
202165
202218
202314.4

Note: 2022 market cap as of June 20. Sources: CNBC, Messari, TechCrunch 

Coinbase Assets Under Management

Coinbase total assets under management in 2023 is still less than half what it controlled in 2021.

Coinbase assets under management 2018 to 2023 ($bn)

YearAssets under management ($bn)
201811
201918
202036
2021278
202280
2023101

Source: Company data

Coinbase Transaction Volume

Coinbase annual transaction volume declined by almost half again, to $468 billion in 2023.

Coinbase transaction volume 2017 to 2023 ($bn)

YearTransaction volume ($bn)
2017135
2018105
2019130
2020195
20211650
2022830
2023468

Source: Company data

Coinbase vs Competitors: Revenue

Coinbase was far behind the leader of the cryptocurrency exchange market, Binance. Bybit has also increased its revenues at a far faster rate over the past three years.

Cryptocurrency exchange revenues by app 2023 ($mm)

Want to learn more? Check out our Finance App Report

Coinbase FAQ

What is Coinbase 24 hour peak trading volume?

On January 11, 2021, Coinbase reached $9.56 billion in exchange volume, 57.9 percent higher than the previous peak (Block Crypto)

How many merchants accept Coinbase Bitcoin payments? 

Over 8000 merchants accept Coinbase. It has also launched its own Visa debit card in Europe and US

How many countries is Coinbase available in?

Coinbase is available in over 100 countries and has over 115,000 ecosystem partners

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