RATE Group | Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?
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Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?

16 Dec Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?

Posted at 05:14h in Bitcoin News by

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Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?

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The current crypto bear market is dragging on, with billions in cryptocurrency wealth wiped out in 2018. The trading volume of six year-old Coinbase has hit a yearly low. Despite the crypto winter, the company is continuing to raise funds and has reached an impressive valuation of $8 billion. But is this figure justified and will Coinbase meet the $1.3 billion in revenue it’s projected for 2018?

Also read: Coinbase Opens the Door to More than 30 Cryptocurrencies

Six-Year-Old Startup in an Uncertain Industry

Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?In 2017, Coinbase generated $923 million in revenue and $380 million in profit. In 2018, the San Fransisco-based exchange is projected to bring in a total of $1.3 billion in revenue and $456 million in profits, according to a recent 

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