Coinbase Users, Revenue & Other Top Statistics: 2022 – 2023

Are you looking for the data on the number of Coinbase monthly active users over the years and months to analyze it? If yes, then then this detailed study will cover Coinbase’s revenue, profits, and other key stats.

If you are from the US and love investing in the crypto market then I am damn sure that you would have listened about Coinbase before reading this article, in case if you didn’t then no worries as we have explained it below for you where you will get to know everything about it.

As you will get all latest and updated statistics on Coinbase in this article.

coinbase users and other top statistics

Coinbase Overview


Coinbase is one of the most popular online platforms for buying, selling, transferring, and exchanging cryptocurrencies.

Earlier it was limited to very few digital currencies, especially Bitcoin. But after a few years, the Bitcoin price skyrocketed. Other cryptocurrencies were also introduced into the market. The best thing about Coinbase is that it supports almost all the major cryptocurrencies available in the market.

Coinbase was founded on 20 June 2012 by Brian Armstrong and Fred Ehrsam. The headquarter of the company is situated in San Francisco, California. As of now, more than 8000 businesses accept Coinbase for payments.

In April month of 2021, the company went public which allows the public to buy or sell Coinbase shares. Coinbase has the majority of assets and shareholders from the US, as in other regions like Asia, there are many substitutes for Coinbase that are more popular than it.

Let us move on to the next section to find out the number of Coinbase users over a period of time-based on various factors.

Coinbase Users

As of the first quarter of 2022, the total verified users of Coinbase are 98 million which was 89 million at the end of the year 2021. There is a significant increase of 9 million users within 4 months and that’s huge!

However, you should clearly understand that there is a difference between the verified users and the users that are actually transacting, whose numbers we have shown in the next sections below.

According to the company, the term verified user is addressed to those users who have signed up in Coinbase and have confirmed their email address and phone number.

Although there is a slump in the Crypto market these days, but in 2023, we expect Coinbase users to cross the 100 Million mark.

Coinbase Verified Users: Annual Report

The graph below is showing the number of verified or registered users since 2014 which is of the last 10 years (including the current year). The company achieved the benchmark of 1 million registered users in 2014.

Coinbase users verified annual report
Source: Coinbase Filings.

The greatest jump in verified users was seen between the years 2020 and 2021 as it saw an increase of 46 million users in a single year. The primary reason behind this hike was the fluctuation (or sudden spike) in Bitcoin and a few other cryptocurrencies.

Coinbase Users: Quarterly Report

The image below is the data representation of the increase in the number of verified users every three months.

Coinbase verified users Quarterly report

Note: the data shown for the year 2022 in both annual and quarterly reports are till March 2022 and it will be updated by the company every 3 months.

Coinbase Monthly Active Users

The number of monthly active users when compared with the number of verified users is very less which is obvious for any platform.

You should not be confused between monthly active users and monthly transacting users as both are the same. The company uses the term monthly transacting users while showing the data in their reports.

The point of attention is that Coinbase considers the 28 days period in any month while calculating the data.

Before knowing the data of Coinbase monthly transacting users first you should understand what it is and the criteria that describe it. All these points are discussed in short in the sub-section below.

Coinbase Monthly Transacting Users (MTU)

The company considers the user as active or counts the accounts in the monthly transacting users who transact more than once in a period of 28 days. That means if a user has done a transaction last month and does not transact this month then he will not be counted in ‘monthly transacting users’ data for this month.

From the above discussion, many accounts that are actively holding any cryptocurrencies are considered inactive accounts or non-transacting users.

MTU: Quarterly Report

Data on the number of monthly transacting users (MTU) is presented at the end of each quarter of the year and it is the average of three months that lie that quarter.

Coinbase-monthly-transacting-users quarterly report

The image graph shown above is the MTU data from the 1st quarter of 2018 to the recent quarter of 2022.

In the last quarter of 2021, the number of monthly transacting users was 6.1 million while in the first quarter of 2022 it was 9.2 million. So, there was a change (increase) of 51% in monthly transacting users between two successive quarters.

MTU: Annual Report

In the annual reports, the number of MTUs is calculated by taking the average of all 12 months or MTU of four quarters of the year.

The table below shows the average annual monthly transacting users from the year 2018.

20180.7 million
20191.1 million
20202.8 million
20218.8 million
2022 (till March 31st)9.2 million

Other Coinbase Statistics

Till now you have got the usage statistics of Coinbase, now its time to take a look at some other statistics of the company which are discussed below.

Coinbase Valuation

Coinbase had already crossed the benchmark of billion dollars valuation, that too way back in the year 2017.

The table below has the data of Coinbase valuation for the last 5 years along with the current year (till the date this article was updated).

2017$1.6 billion
2018$8 billion
2020$28 billion
2021$65 billion
2022 (on 30 May 2022)$75 billion

The valuation of the company depends on the price and number of its shares. When Coinbase was first listed public in 2021, the price of each share was $250 and there were around 260 million shares that brought its valuation to $65 billion.

Before listing in IPO, it was valued at $100 billion by private investors.

Coinbase Revenue

Coinbase generates substantially all of its total revenue from transaction fees in the platform in connection with the buying, selling, and trading of cryptocurrencies.

Check the data below for year wise revenue of Coinbase.

2016$16 million
2017$927 million
2018$520 million
2019$483 million
2020$1.14 billion
2021$7.84 billion
2022 (till 1st quarter)$1.17 billion

Coinbase Profit

Profit and loss depend on the market and the value of assets hence it can be sometimes profitable and also unprofitable in the adverse conditions of the market.

  • In 2017, the company earned a profit of $380 million.
  • In 2018, the company suffered a loss of around $55 million.
  • In 2019, the company suffered a loss of around $30 million.
  • In 2020, it bounced back by earning a huge profit of $322 million.
  • 2021 was the best performing year for Coinbase, as it earned the highest profit of $771 million.
  • The data for 2022 will be presented by the company at the end of the year. As per quarterly reports for 2022, it is in loss now.
2017$380 million
2018($55 million)
2019($30 million)
2020$322 million
2021$771 million
The bracket represents the losses.

FAQs: Coinbase Usage Statistics

1. How many users have Coinbase?

Coinbase has 98 million verified users out of which 9 million-plus are monthly transacting users.

2. Is Robinhood better than Coinbase?

We prefer Coinbase more than Robinhood as it has more menu of cryptocurrencies.

3. How much is Coinbase worth in 2022?

The current valuation of Coinbase is more than $75 billion.

4. What are the top competitors of Coinbase?

Binance, Cash App and eToro are the top competitors of Coinbase.

5. How much assets under management does Coinbase have?

As of March 31, 2022, Coinbase had around $246 billion of crypto assets. Among all, Bitcoin and Ethereum are the most held crypto assets in Coinbase.

Conclusion: Coinbase Users And Other Statistics

All the statistics of users of Coinbase and other finance-related data are taken from the most recent annual and quarterly reports that are released by the company Coinbase. Few data may turn inaccurate at the time you read this article as the company regularly updates the statistics in case, they did any unintentional misinterpretation.

Coinbase is one of the top crypto management and trading platform. Recently it became the first crypto company to be included in the list “Fortune 500”.

About Author: Vishesh Gupta

blogger and creator of website, Web Hosting Reviewer, SEO and Digital marketing expert
Blogger and Creator of

Seasoned Professional with 15 years of experience in Sales and Marketing. Entrepreneur, Consultant and Blogger helping people earn through jobs and blogging. Experienced Hosting Reviewer who likes to collect detailed info about existing players and share it with my audience. Previously worked with leading Banks and Telecom Companies.

I completed my Masters in Management with specialization in Finance and Marketing.

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