According to Arab Net, the company said in a press release that revenue in the first quarter jumped to about $ 1.8 billion from $ 190.6 million in the same quarter, adding that results are preliminary and unsafe.
Net income has also grown from $ 730 million and $ 800 million, from $ 31.9 million last year. The growth of its customers was revealed to 56 million users.
This comes, while coinbase is preparing to become the latest market shaking market with a huge assessment, benefiting from continuous growth in the sector despite the broader economic conflicts caused by Corona virus.
The company's traders' assessment in the private market was $ 68 billion, which could rise to $ 100 billion, according to the CNBC network, and Arabic.
Coinbase is unique because increasing its value reflects the upper encrypted currency path. The price of Petquin rose by about 700% last year, while Ethium encrypted currency rose more than 1100%.
For its part, Coinbase said last week that the Securities and Excellence Commission had agreed to direct insertion, scheduled for April 14.
The company said it plans to register approximately 115 million shares of regular shares.
Coinbase is dramatically adopted today to attract users who save and trade main encrypted currencies.
The company said in the statement: We expect growth in 2021 driven by transactions and conservation revenues, given the increased attention to encrypted assets.
