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The Nasdaq-listed cryptocurrency exchange Coinbase says the number of monthly transacting users on its platform rose to 11.4 million at the end of 2021, which was more than four times the previous year. In addition, Coinbase’s trading volume grew more than 8.5 times from the previous year, and the number
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“This marketing strategy worked, and the implication is Coinbase could have just signed up enormous new users in 1Q22, at a reasonable cost,” according to Oppenheimer’s Owen Lau. Lau, who maintains an outperform recommendation on the stock, said in a note to clients that this may lead to a jump
Read MoreTwitter CEO Jack Dorsey has taken major U.S. crypto exchange Coinbase to task over its open letter to employees published on Sep 28. The letter, written by Coinbase CEO Brian Armstrong, explained why the firm intends to avoid political and social distractions, and instead focus on its core mission of building
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