Coinbase’s Revenue by Segment (2020-2023)

This statistic highlights Coinbase’s Revenue by segment, split across transaction revenue, subscription, and services revenue and other revenues, reported quarterly from Q1 2020 onwards.

Coinbase’s Revenue by Segment

The major part of the Revenue by segment contains different activities in Coinbase Global including Transaction Revenue, Subscription and service revenue, and other revenue.

(All figures in USD)

As per the above data, the Overall Transaction Revenue from the 2023 Q1 is $375 million. In 2022 Q4 revenue by the transaction is $322 million and in 2022 Q3 its $366 million. It contributes to 48.5% in 2023 Q1. Revenue from Subscription, and services, is $210 million in 2022 Q3 and 2022 Q4 is $283 million. It is rising continuously and achieving a new peak in 2023 Q1 of $362 million. Generally, the company earns huge money from Subscription services. It contributes to 46.82% in 2023 Q1. After all, Another Revenue of the company contributes 4.5% approx. It was $14 million approx. in 2022 Q3, and has $24 million in 2022 Q4. In the 2023 Q1, it increased three times as compared to 2022 Q3.

Other Revenue

Coinbase other revenue generates from the following streams:

1. Coinbase Commerce
2. Coinbase Cards
3. Interest Income
4. Institutional Service
5. Additional Products and Services

Subscriptions and Service Revenue

Coinbase has a Subscription service that includes: Coinbase Pro, Coinbase Prime, and Coinbase Custody.

Coinbase Pro is an advanced trading platform for professional and institutional investors. It provides certain free features as well as advanced features with Premium Subscription. Coinbase Prime is designed for institutional investors. It provides enhanced trading features, dedicated account management, and access to liquidity solutions. Coinbase Securities generally offers a secure custody solution for institutional clients to store the crypto-currencies. It also provides insurance coverage for digital assets.

Transaction Revenue of Coinbase Global

It contains the significant revenue sources of the company are as follows:

1. Trading Fees: Coinbase earns by buying and selling crypto-currency. It generally depends on transaction value or may be on the fixed income.
2. Spread: It is the buying price and selling price of the crypto-currency.
3. Conversion fees: These convert one cryptocurrency into another and are a revenue stream from transactions for the company.
4. Over-the-counter Trading: This service is for institutional buyers and large transaction sizes or high-volume traders.
5. Margin Trading: It also allows users to borrow money from the platform. It has involved interest charges and borrowing fees that come from users.
6. Payment processing fees: It also offers users to make payments from their platform with the help of crypto-currency.

About Coinbase Global

Coinbase provides a wallet service that allows users to store their cryptocurrencies. It also offers Coinbase Pro, a platform for advanced traders with additional features and lower fees. Institutional-sized Bitcoin and Ether futures contracts launching on Coinbase Derivatives Exchange. Zero trading fees as well as a dedicated support team of Coinbase, Coinbase members now get boosted staking rewards and exclusive benefits from partners like Messari and CoinTracker — all for $29.99/month.

Coinbase has gained significant attention and recognition in the cryptocurrency industry. In April 2021, the company went public through a direct listing on the Nasdaq Stock exchange, under the symbol COIN. This event marked a milestone for the cryptocurrency industry and brought further mainstream legitimacy to digital currencies.

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