Coinbase earned $ 2 billion in commissions

[VovaLacoste 39]

Since launching in 2012, Coinbase has earned about $ 2 billion in user transaction fees. This was told at the Vanity Fair summit in Los Angeles by CEO Brian Armstrong.
Also, according to him, Coinbase has been profitable since 2017.

“Most of this profit we reinvest in business to create new products. I want Coinbase to become a company that constantly innovates, ”said Armstrong.

The head of the American company added that cryptocurrencies are creating a new economy that will occupy a significant share in the GDP of various countries. The digital asset market itself will stabilize and grow as speculation diminishes.

Coinbase was able to obtain a license for operations with electronic money (E-money) from the central bank of Ireland.

Coinbase is also in talks to buy the startup Omni Rentals, which in the past received investment from fintech company Ripple. Omni Rentals provides services for the temporary use of various goods and has recently carried out massive layoffs.

Customers of the US stock exchange in the UK can again return to the fast transfer of payments on the stock exchange. Coinbase customers can make deposits or withdraw funds in less than 60 seconds.

[Saoha 189]

Yes, I read this news this morning and was not surprised. Coinbase is a large and fairly popular platform. Although it does not support many coins yet, the number of transactions is extremely large. Cryptocurrency is a very promising market.

[williamz902 696]

17 hours ago, VovaLacoste said:

Since launching in 2012, Coinbase has earned about $ 2 billion in user transaction fees. This was told at the Vanity Fair summit in Los Angeles by CEO Brian Armstrong.
Also, according to him, Coinbase has been profitable since 2017.

Seems like it's really profitable to start up and exchange now days. Although I think trust is a big issue for new users, since people generally only trust exchanges that have been around for a long time. The nature of Crypto demands trust - because once you lose your money, you can never get it back.

[Mathers 295]

The fact that Coinbase earned $2 billion in commissions and transaction fees makes me wonder how much other supposedly bigger exchanges like Binance makes on these commissions and trading fees, a whole lot is being made in various section of the crypto ecosystem.

[666Stein 37]

well, this exchange charge very big on feee

that why they can earn 2 billion per year, but this bit insane lol

[GhoulSlayer 226]

Banks make their money the same way. It's all about the fees.

[iloveyobit 6599]

congratulation for them , im not suprised  cuase i know that coinbase was there from a long  time in crypto world and they have a big community .

[kjames 139]

coibase has right to earn 2 billion usd because they providing a great service. they not charging fees for transferring coinbase to coinbase thats really just amazing.

[Luciferludz 1442]

On 10/24/2019 at 7:27 PM, VovaLacoste said:

Since launching in 2012, Coinbase has earned about $ 2 billion in user transaction fees. This was told at the Vanity Fair summit in Los Angeles by CEO Brian Armstrong.
Also, according to him, Coinbase has been profitable since 2017.

“Most of this profit we reinvest in business to create new products. I want Coinbase to become a company that constantly innovates, ”said Armstrong.

The head of the American company added that cryptocurrencies are creating a new economy that will occupy a significant share in the GDP of various countries. The digital asset market itself will stabilize and grow as speculation diminishes.

Coinbase was able to obtain a license for operations with electronic money (E-money) from the central bank of Ireland.

Coinbase is also in talks to buy the startup Omni Rentals, which in the past received investment from fintech company Ripple. Omni Rentals provides services for the temporary use of various goods and has recently carried out massive layoffs.

Customers of the US stock exchange in the UK can again return to the fast transfer of payments on the stock exchange. Coinbase customers can make deposits or withdraw funds in less than 60 seconds.

Coinbase launched since 2012 but its total earnings is 2 billion dollars, but binance launched 2017 but its estimated annual earning is $445M and its total earning is 1.6 billion dollar and it have only 3 years old but coinbase have more than 7 years. So see how binance grow fast like this.

[Lubruselu 2803]

Sure coin base has earned $2 billion of its users commission since 2010-2019 but this is low amount if you compare to binance it already earn commission from its users $1.4 billions since 2017-2019 it has only three years active which is different -$0.6 billion from coin base. But see how much binance grow fast than any exchange.

[Rares002 262]

Alright, so they earned 2 billion dollars from fees but not 100% of that is profit. Did you thought how much money they had to spend for creating and making their exchange so popular? Also at the beginning, a few years ago they offered to pay the fees for all transactions and they lost a lot of money during that period. 

[Keith700 1885]

On 10/24/2019 at 12:27 PM, VovaLacoste said:

Since launching in 2012, Coinbase has earned about $ 2 billion in user transaction fees. This was told at the Vanity Fair summit in Los Angeles by CEO Brian Armstrong.
Also, according to him, Coinbase has been profitable since 2017.

“Most of this profit we reinvest in business to create new products. I want Coinbase to become a company that constantly innovates, ”said Armstrong.

The head of the American company added that cryptocurrencies are creating a new economy that will occupy a significant share in the GDP of various countries. The digital asset market itself will stabilize and grow as speculation diminishes.

Coinbase was able to obtain a license for operations with electronic money (E-money) from the central bank of Ireland.

Coinbase is also in talks to buy the startup Omni Rentals, which in the past received investment from fintech company Ripple. Omni Rentals provides services for the temporary use of various goods and has recently carried out massive layoffs.

Customers of the US stock exchange in the UK can again return to the fast transfer of payments on the stock exchange. Coinbase customers can make deposits or withdraw funds in less than 60 seconds.

This is a brutal test of why exchanges have their fees for all types of operations and it is not in vain, they set their rules, it is an exaggeration of money they do not believe?, really exchanges do not have that much to demand if they have enough money To live well and still make donations to new crypto entrepreneurs, it should be that way but the fees are used for other things.

[FlatterCar 696]

Well, I think why every day comes up with about 3-4 new exchanges that are trying to make money on such commissions, introducing all the new bounties, which allegedly give 50 or even 100 dollars for a subscription for contracts. Maybe its the exchange to create...)

[dana33 302]

Not surprised at all, a business about bitcoin wallet, crypto wallet and crypto exchange is a huge business with a big profit. You can get rich and enjoy your life if you have one of that.

[Luciferludz 1442]

On 11/12/2019 at 8:21 PM, mayanmc said:

Well bother, Binance has capital power and in running under good tech, I mean come on they are chinese so. It is not greedy is the love of the people for good exchanges.

It's look the binance owner Changpen Zhao has invested a lot in binance that's why it have only two years buy it is most successfully cryptocurrency exchange.

[Corrado25 9442]

Coibase cryptocurrency exchange  has finalized a deal to buy a well-known Tagoni broker. The deal was worth  150$ million. Tagoni was founded last year by former Goldman traders. Just a few days ago, the company signed a partnership agreement with usa cryptocurrency exchange Binance.US

[Sourovdeb890 416]

Coinbase wallet and exchanging stage are generally excellent. Its impediment is its high expenses, which clarifies the huge benefits made by the stage they are taking us and Coinbase is the biggest digital currency trade of United Coinbase all out earned $2billion income from in this stage since 2012. It's state CEO Brian Armstrong.

[Scottsummers 347]

On 10/24/2019 at 5:27 PM, VovaLacoste said:

Since launching in 2012, Coinbase has earned about $ 2 billion in user transaction fees. This was told at the Vanity Fair summit in Los Angeles by CEO Brian Armstrong.
Also, according to him, Coinbase has been profitable since 2017.

“Most of this profit we reinvest in business to create new products. I want Coinbase to become a company that constantly innovates, ”said Armstrong.

The head of the American company added that cryptocurrencies are creating a new economy that will occupy a significant share in the GDP of various countries. The digital asset market itself will stabilize and grow as speculation diminishes.

Coinbase was able to obtain a license for operations with electronic money (E-money) from the central bank of Ireland.

Coinbase is also in talks to buy the startup Omni Rentals, which in the past received investment from fintech company Ripple. Omni Rentals provides services for the temporary use of various goods and has recently carried out massive layoffs.

Customers of the US stock exchange in the UK can again return to the fast transfer of payments on the stock exchange. Coinbase customers can make deposits or withdraw funds in less than 60 seconds.

I somehow missed this news. Coinbase are great but the fees are so high. It doesn't surprise me at all that they've made that much money to be honest. Although the idea that they've invested that back into new products is just totally false. They've set up a debit card. The coins and tokens they list are mostly paid. In my opinion coin base are setting themselves up like PayPal did for bank status. They also mine a lot of altcoins, sometimes obscure ones too (you can see this happening on prohash quite regularly.) The do have a lot of positives though and I think if things go the way I see them we can think of coinbase being the new PayPal rather than just an exchange. 

[nicolas1234789 2566]

Coinbase has good progress, even look slow but they can stand with other competitor in crypto market. I see Coinbase has idealists to support second coin better than follow popular coin as the main work. Very good, they the get amazing result, good job Coinbase.

[DrHaman 375]

Coinbase offers great improvement, actually appear sluggish however they may remain along with additional rival within the crypto marketplace. We observe Coinbase offers idealists to aid 2nd gold coin much better than adhere to well-liked gold coin since the primary function. Excellent, these people the actual obtain the incredible outcome, great work Coinbase.

[miskyming 1588]

That's a lot of money, just commission only. I guess they deserve it because many people trusted this site and they like it to use. One of the best online wallet. 

[tranhungritc 191]

You have to think that anything you want to benefit, just no cheating, no scam, they pay and full liquidity, I don't see any problem.
good luck

[cryptosix 1643]

When I was new to the Crypto first ever I made an account with coinbase and never thought it was an exchange, but later came to know and moved to blockchain for a lower fee as people suggested me to use that one.

[kazumina91 148]

That amount is really big, it's also a profit for the founders, it really makes many people want to open their own trading site.
But just consider that they have the courage to do it

[Sweet 56]

Well that's what exchanges or wallets live on, from the commissions of transactions in your market. Coinbase is one of the most important wallets worldwide and one of the most used. In the case of Yobit which is an exchange, it generates a lot of commissions too and they really earn a lot of money.