What Makes Coinbase Extraordinary as “$100 billion” Market Value

Coinbase will be listed soon but the most important question is where does the market value of “$100 billion” come from?

1. The platform’s revenue for the first quarter was $1.8 billion, which is significantly higher than the $191 million earned during the same period last year;

2. In the first quarter, Coinbase’s net profit rose from $730 million to $800 million compared to the same period last year, an increase of 300% year on year;

3. The number of real-name users on the platform is about 56 million, and the number of monthly active users exceeds 6.1 million;

4. The platform has more than 7,000 institutional clients which include hedge funds, major trading companies, financial institutions, family businesses, etc.

5. Platform assets are as high as $223 billion, accounting for more than 10% of the total market value of cryptocurrencies;

6. The price of Coinbase’s native token COIN is $250, and its initial market value is about $65 billion;

7. The price of CBSE (Coinbase FTX stock contract) reached $600, setting the market value above $150 billion.

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