BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Coinbase Ended 2022 With Over $5.9 Billion in USD Resources and Crypto Assets

by Chiwuike Owunwa
Feb 22, 2023 - 12:00 am
in Blockchain
Coinbase Ended 2022 With Over $5.9 Billion in USD Resources and Crypto Assets|

|

In a shareholder letter posted on the 21st of February 2023, it was illustrated how Coinbase ended 2022 with over $5.9 billion in USD resources and Crypto assets.

The year-end shareholder letter comprising 6 chapters was coined to provide an overview of Coinbase 2022 results and how the company was managed through a tumultuous year.

Coinbase stated that their Q4 results were consistent with their outlook especially In the latter half of 2022, as they pivoted and began reducing expenses. In addition to focusing on financial performance, they also increased engagement with global policymakers and regulators and took significant steps in building industry-leading partnerships to serve as important building blocks for the future.

Despite the drama from FTX and LUNA’s downfall that caused a dent in the crypto economy, growth and advancement of both the industry and Coinbase was still witnessed average Bitcoin prices in Jan 2023 were still up by above 80% compared to the average price in 2020.

Monthly active developers in crypto more than doubled since 2020 to over 20,000. There is notable Progress in the EU’s Markets in Crypto Assets (MiCA) framework, recent laws in Brazil, plans to regulate crypto in the UK, and other proposals in jurisdictions like Australia, Japan, Switzerland, and Hong Kong.

Coinbase has stood apart from the competition and continues to be recognized as a trusted platform as Trading volume grew to $830 billion in 2022 from $193 billion in 2020. Added to that, Subscription and services revenues grew over 17x to nearly $800 million in 2022 from less than $50 million in 2020.

Roughly 25% of the top 100 largest hedge funds in the world by reported AUM have chosen to onboard with Coinbase, up from a handful at the end of 2020, and industry-leading partnerships, including with Blackrock, were announced in Q4 and Full-Year 2022.

Q4 net revenue was recorded to be $605 million, which is up 5% Q/Q, of which $322 million was transaction revenue and $283 million was subscription and services revenue.

On a full-year basis, net revenue of $3.1 billion was generated in 2022, down from $7.4 billion in 2021, of which $2.4 billion was transaction revenue and $793 million was subscription and services revenue.

Coinbase acknowledges that even though the journey ahead will have its challenges, their grit, determination, and resolve have been strong for 10+ years and they are very excited to remain a leading institution in the crypto industry.

Tags: CoinbaseFTXLUNA
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service