The markets are currently falling, and those recently into crypto could be concerned. Crypto exchange Coinbase certainly isn’t worried. In fact, the company is laughing all the way to the bank. The US-based Bitcoin broker cleared over a billion dollars in revenue last year, smashing predictions.
The six year old firm was only expected to make $ 600 million as of September last year, according to tech website Recode. However, it exceeded that by over 40%, breaking a billion bucks by the end of 2017. Known for some of the highest fees in crypto land, Coinbase operates fiat trading in 39 countries with crypto only branches in many more.