The leading US cryptocurrency company, Coinbase, earned about $ 520 million in 2018, and its British subsidiary revenues grew by 20% last year.
Big corporates back crypto 'plumbing' despite currency caution https://t.co/tFXTGhXjqJ pic.twitter.com/g4ReIvsu0I
– Reuters Top News (@Reuters) April 18, 2019
Despite the collapse of the market, against which many companies were experiencing serious financial difficulties, Coinbase's UK revenue totaled more than 153 million euros ($ 172 million). These data the company filed in the register of legal entities in the UK.
Coinsbase UK executive director Zeeshan Feroz noted that his division accounts for almost a third of the company's revenues. Thus, it can be calculated that the total revenue of Coinbase was more than half a billion dollars. At the same time, representatives of the exchange refused to comment on this information.
In addition, according to a PitchBook study, the activity of venture investors has increased dramatically in the cryptocurrency industry. This year they have already invested about $ 850 million.
After a big year in venture capital, 1Q 2019 the highlights of a new activity #VC reality where clause everything-from deals and funds to-IPOs are Bigger. Read more in the 1Q 2019 PitchBook- @NVCA Venture Monitor, created with @SVB_Financial , @PerkinsCoieLLP and @Solium : https://t.co/P9wnJKHqY6 pic.twitter.com/y5tSUxSrkf
– PitchBook Data (@PitchBook) April 9, 2019
Recall, yesterday Coinbase announced the expansion of its services to 11 countries. Among them are Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.
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