Coinbase brought in revenue of around $520 million in 2018, 60% less than projected

Coinbase, the largest cryptocurrency exchange in the U.S., brought in revenue of around $520 million in 2018 according to an estimate from Reuters.

According to a document reviewed by Bloomberg in October, Coinbase had projected $1.3 billion of revenue for 2018, which means they generated 60% less than they originally projected. In 2017, Coinbase generated $923 million in revenue meaning that the revenue in 2018 was down nearly 44% year-over-year.

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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.