US-based cryptocurrency exchange Coinbase generated $2.5 billion in net income in the fourth quarter, according to the financial report.
Coinbase, February 24 announced its fourth quarter financial report on Coinbase According to the report in fourth quarter earnings of analysts $1.9 billion your expectation %27 getting on top of 2.5 billion dollars net income. From the third quarter to the fourth quarter Transaction revenues more than doubled The company’s fourth-quarter revenue 91% ($2.276 billion) obtained from the transactions. The company’s total transaction revenue in 2021 $6.8 billion rose.
The company’s 840 million dollars in the third quarter, where it reported net income 7.4 million monthly transaction users (MTUs)in the fourth quarter to 11.4 million showed significant growth.
In addition, the company’s fourth-quarter revenue is only 9%′corresponding to $213 million, debt don’t give and staking don’t provided from non-commercial products from other sources such as
Coinbase, in part instability in global market conditions because of 2022 stated that it expects to see a decrease in the number of monthly users and transaction revenues in the first quarter of the year. Having a sluggish first quarter Coinbaseto its investors 2022 in the year plans an “aggressive” internal investment and at the same time prepared for potentially unpleasant market conditions told.
Should there be a significant decline in our business below our planned ranges, we may slow down our investments and expect to increase our EBITDA losses to approximately $500 million on a full year basis.
The company also had problems before. customer support and to the reliability in 2022, with a large focus on 6,000 new employees He plans to hire.
