Coinbase is looking to go public very soon and its valuation in the secondary markets has just gone over $100 billion.
Coinbase’s valuation over the years:
- 2016 — $500M
- 2017 — $1.6B
- 2018 — $8B
- 2020 — $100B
Coinbase reported revenue of $530M for 2019 and $691M for the first nine months in 2020. The company posted a net income of $141M between January-September 2020, up from a loss of $30M in overall 2019. Notably, these numbers don’t include 2021, when the Bitcoin price surged more than 90% YTD.