Coinbase Announces First Quarter 2021 Estimated Results and Full Year 2021 Outlo
SanchoRGTexas
Total Revenue of approximately $1.8 billion
Net Income of approximately $730 million to $800 million
You can bet your ass I'm picking up some shares. Those numbers are insane, albeit we're in a crypto bull market. 96% of their revenue was from fees though and they make money all the way up and down. Crypto is seeing exponential use and is here to stay, IMO. Hell even Juice is getting rich off his Ripple right now.
Comments
They're talking about an implied market cap of $100 billion for Coinbase.
50x price to sales? I'll pass.
Bulls make money, Bears make money, pigs get slaughtered