Coinbase would now be the 17th largest bank in the United States, with $223 billion in assets.

Coinbase just dropped the Q1 earnings and outlook. As expected higher revenue than in the entire 2020.Q1 summary:~$1.8 billion revenueAdjusted EBITDA of ~$1.1BNet income of $730-800M56M verified users (+13M)6.1M monthly transacting users (+3.3M)Growth over last quarterRevenue —> 207.6%Net income —> 312.9%Traded volume —> 272.0%Assets on Platform are ~$223B and $122B of that is coming directly from institutions.H/T — WeTheMedia

Submitted April 07, 2021 at 08:12PM