It’s been a big year for Coinbase. The cryptocurrency exchange added support for Ethereum Classic, grew its customer base to 13 million, and is now valued at $1.
6 billion after raising $100 million in a Series D funding round led by IVP.
The move puts Coinbase on track to become one of the most valuable startUPS in the world. But just how much is Coinbase worth?
To answer that question, we need to look at the valuation of other crypto exchanges and compare them to Coinbase.
The most recent funding round for Coinbase values the company at $1.6 billion. This is a significant increase from the $750 million valuation it received in its previous funding round just six months ago.
And it’s not just VCs who are bullish on Coinbase. In October, Y Combinator President Sam Altman called Coinbase “the most legitimate company in the space.”.
So, what are other exchanges worth?
The largest crypto exchange by volume is Binance, which was founded in 2017 and is now valued at $1.7 billion.
NOTE: This is a warning note that it is not possible to accurately predict the future worth of Coinbase. Coinbase is a digital currency exchange and its value is subject to market fluctuations that are difficult to predict. As such, any articles or predictions about the future worth of Coinbase should be taken with a grain of salt. Investing in Coinbase involves taking a risk and should be done only after researching and understanding all related risks.
Binance grew rapidly by offering low fees and a wide selection of altcoins. It’s also been helped by the fact that it’s based in Malta, a friendly jurisdiction for cryptocurrency companies.
Another major exchange is Bitfinex, which was founded in 2012 and is currently valued at $1 billion. Bitfinex has been through some tough times, including a hack in 2016 that saw $72 million worth of Bitcoin stolen, but it has bounced back and remains one of the most popular exchanges.
Then there’s Kraken, which was founded in 2011 and is currently valued at $480 million. Kraken is one of the few exchanges that allows margin trading and shorting, which has helped it attract traders looking to profit from price swings.
Finally, there’s Gemini, which was founded by the Winklevoss twins in 2015 and is currently valued at $380 million. Gemini is one of the most respected exchanges in the space and is known for its tight security measures.
So, how does Coinbase compare to these other exchanges?
In terms of users, Coinbase is far ahead with 13 million compared to Binance’s 9 million and Kraken’s 4 million. In terms of trading volume, Coinbase is also ahead with $150 billion compared to Binance’s $50 billion and Kraken’s $16 billion.
And in terms of valuation, Coinbase is now ahead of all but Binance with a current value of $1.
So, what does all this mean? It means that Coinbase is currently the second most valuable cryptocurrency exchange in the world with a value that could soon exceed $2 billion.
9 Related Question Answers Found
As one of the largest cryptocurrency exchanges in the United States, Coinbase has been a driving force in pushing digital assets into the mainstream. Founded in 2012, Coinbase allows users to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. In addition to being a cryptocurrency exchange, Coinbase is also a digital wallet where users can store their cryptocurrencies.
Yes, Coinbase Earn is definitely worth it! Here’s why:
1. You can earn free crypto simply by learning about it.
2.
Coinbase Pro is a popular cryptocurrency exchange that allows users to buy and sell digital assets. The exchange is operated by Coinbase, one of the most well-known and reliable names in the industry. Coinbase Pro is a great choice for those looking for a safe and secure platform to trade on.
If you’re looking to get started in the world of cryptocurrency, then you may be wondering how much you can make with Coinbase Earn. After all, Coinbase is one of the most popular cryptocurrency exchanges out there, and they offer a rewards program that allows users to earn cryptocurrency for completing simple tasks. So how much can you actually make with Coinbase Earn?
Coinbase Earn is a great way to make some extra money on the side. With it, you can earn up to $10 worth of cryptocurrency for each task that you complete. That said, the amount of money that you can make will ultimately depend on how much time and effort you’re willing to put in.
As of May 2019, Coinbase is said to have over 13 million registered users and is available in 32 countries. Based on those numbers, it is estimated that Coinbase makes around $520 million in revenue per year. However, it is important to note that these are just estimates, as the company has not released its exact financial figures.
According to recent reports, Coinbase makes around $50 million a day. This is an impressive figure, especially when you consider that the company only launched in 2012. So how does Coinbase make so much money?
Coinbase Earn is a popular way to earn cryptocurrency. It is a platform that allows users to complete tasks in exchange for cryptocurrency. The tasks are usually simple and take only a few minutes to complete.
If you’re looking to make some extra money, Coinbase may be a good option for you. Coinbase is a digital currency exchange that allows you to buy and sell cryptocurrencies. You can also use Coinbase to convert these cryptocurrencies into other traditional currencies.
