The amount of revenue was able to exceed the most courageous expectations of management

One of the largest crypto-exchange exchanges Coinbase reported that there are more and more people wishing to invest before the company’s IPO, arguing such a demand for the rapid growth of the company.

Recode, referring to its sources, argues that the income of the exchange Coinbase in 2017 amounted to about 1 billion dollars. Such growth was associated with the fact that more and more people are beginning to be interested in bitcoins and crypto-currencies in general, including professional investors.

The Coinbase Exchange itself forecasted revenue of about $ 600 million in 2017, but the company managed to surpass even the most daring expectations, for which it is extremely grateful to the jump in the price for Bitcoin at the end of November last year.

Recode noted that after the rapid growth of financial indicators, the assessment of the currency exchange also increased at least twice. In August 2017, its owners raised 100 million, and the project valuation was 1.6 billion dollars.

The main earnings of the company, as well as all exchanges, however, is the commission of transactions. Coinbase receives from sellers and buyers from 0.25% to 1% of the transaction amount.

As you know, where the hype – there are hundreds of people who want to participate in it. Because the exchange attracted a lot of investors – both venture and private, and several owners of shares of Coinbase claim that more than once received requests for the repurchase of their share. However, the company’s managers informed them in a timely manner about the ban on the resale of shares.

The last investment round occurred almost six months ago. Now everyone who wants to get a stake in the company needs to wait at least a year until the leadership decides that it’s time for the next round.

Representatives of the exchange say that they do not have information about possible transactions related to shares of Coinbase, as well as that since autumn of 2017 many investors with various offers addressed them, but even the most generous investors had to be denied.


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