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Coinbase Global Inc's Business Segments
Coinbase Global Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
11
Largest Segment
Net revenue
Total Revenue
$ 1,220
Regions Reported
1
Revenue Share by Reportable Segment - FY
- Net revenue0%
- U S97.1%
- Bank Servicing61.9%
- Subscription and Circulation47.8%
- Consumer net46.5%
- Stablecoin revenue25%
- Institutional net11.1%
- Other subscription and services revenue9%
- Blockchain rewards8.3%
- Other revenue6%
- Other transaction revenue4.4%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Net revenue | $ 1,339 | - |
| U S | $ 1,184 | 97.1% |
| Bank Servicing | $ 756 | 61.9% |
8 more segments available
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Revenue Share by Region - FY
- Non-US16.2%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Non-US | $ 229 | 16.2% |
Revenue by Product & Service Category - FY
- Bank Servicing and Subscription and Circulation94.8%
- Bank Servicing53.5%
- Subscription and Circulation41.3%
- Bank Servicing, Consumer, Net40.1%
- Subscription and Circulation, Stablecoin21.6%
- Bank Servicing, Institutional9.6%
- Subscription and Circulation, Other7.7%
- Subscription and Circulation, Blockchain Infrastructure Service7.1%
- Other revenue5.2%
- Bank Servicing, Other3.8%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Bank Servicing and Subscription and Circulation | $ 1,339 | 94.8% |
| Bank Servicing | $ 756 | 53.5% |
| Subscription and Circulation | $ 584 | 41.3% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
7 more categories available
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Annual Results
Revenue Share by Reportable Segment - FY
- Net revenue0%
- U S97.1%
- Bank Servicing61.9%
- Subscription and Circulation47.8%
- Consumer net46.5%
- Stablecoin revenue25%
- Institutional net11.1%
- Other subscription and services revenue9%
- Blockchain rewards8.3%
- Other revenue6%
- Other transaction revenue4.4%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Net revenue | $ 1,339 | - |
| U S | $ 1,184 | 97.1% |
| Bank Servicing | $ 756 | 61.9% |
8 more segments available
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Description of Coinbase Global Inc
We build safe, trusted, easy-to-use technology and financial infrastructure products and services that enable any person or business with an internet connection to discover, transact, and engage with crypto assets and decentralized applications. Our products provide access to the cryptoeconomy in more than 100 countries and serve as a critical infrastructure layer to Web3.
Customers that begin with us grow with us as they learn about the advantages of crypto-based solutions for investing, staking, spending, borrowing, and transacting in crypto in an increasing variety of use cases. Approximately 89 million retail customers, 11,000 institutions, and 210,000 ecosystem partners may now connect with crypto assets thanks to our platform:
Retail users: We serve as the users’ primary crypto account, both hosted and self hosted – safe, trusted, and easy-to-use ways to discover, invest, stake, store, spend, earn, borrow, and use crypto assets.
Institutions: We provide a platform solution for safely accessing and transacting in crypto markets to institutions such as asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations of all types. Coinbase Prime combines advanced trading, custody, analytics, and financing products on a single platform, built on top of a robust security infrastructure. Through our smart order routing tools, institutions can access deep pools of liquidity across the crypto marketplace and get the best priced execution in our network of connected trading venues when buying and selling.
Ecosystem partners: We provide developers, creators, merchants, and asset issuers a platform with technology and services that enables them to build applications that leverage crypto protocols, actively participate in crypto networks, and securely accept cryptocurrencies as payment.
Customers that begin with us grow with us as they learn about the advantages of crypto-based solutions for investing, staking, spending, borrowing, and transacting in crypto in an increasing variety of use cases. Approximately 89 million retail customers, 11,000 institutions, and 210,000 ecosystem partners may now connect with crypto assets thanks to our platform:
Retail users: We serve as the users’ primary crypto account, both hosted and self hosted – safe, trusted, and easy-to-use ways to discover, invest, stake, store, spend, earn, borrow, and use crypto assets.
Institutions: We provide a platform solution for safely accessing and transacting in crypto markets to institutions such as asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations of all types. Coinbase Prime combines advanced trading, custody, analytics, and financing products on a single platform, built on top of a robust security infrastructure. Through our smart order routing tools, institutions can access deep pools of liquidity across the crypto marketplace and get the best priced execution in our network of connected trading venues when buying and selling.
Ecosystem partners: We provide developers, creators, merchants, and asset issuers a platform with technology and services that enables them to build applications that leverage crypto protocols, actively participate in crypto networks, and securely accept cryptocurrencies as payment.
Coinbase Global Inc. operates at the forefront of the crypto economy, providing a comprehensive suite of products and services that cater to both retail and institutional customers. The company has developed a strong technological infrastructure engineered specifically to meet the diverse needs of its users in a rapidly evolving market.
Retail Segment
Hosted Wallets and Services
Coinbase serves retail users through a hosted wallet that simplifies the user experience for buying, selling, and transferring a wide range of cryptocurrencies. This wallet allows users to interact with over 139 different crypto assets, providing an interface that supports transactions in various fiat currencies alongside crypto-to-crypto conversions. The hosted wallet also includes custody services, ensuring that customers assets are stored securely, which is vital in a market often criticized for security breaches.
Transactions and Fees
When users engage in activities such as buying, selling, or swapping currencies, Coinbase charges transactional fees. This includes provisions for both fiat-to-crypto and crypto-to-crypto trades, making it accessible for users at different entry points of the crypto world.
First-Party Solutions
Coinbase provides several proprietary solutions integrated within the hosted wallet that cater to various financial activities:
- Coinbase Card: A prepaid debit card that allows users to spend their cryptocurrency holdings directly at retail outlets.
- Borrowing Services: Users can leverage their crypto assets to borrow USD against select cryptocurrency balances, providing liquidity without needing to liquidate their assets.
- Earning Yield: Users can earn interest on their crypto holdings with options for high-yield savings on certain assets.
Staking Services
Coinbases staking mechanism, particularly the Delegated Proof of Stake (DPoS) system, allows users to earn rewards without needing to manage the technical complexities of staking. By participating, users maintain ownership of their assets while Coinbase earns a commission on the rewards generated.
Self-Custody Wallet
In addition to the hosted wallet, Coinbase offers the Coinbase Wallet, a self-custody solution that allows users full control over their crypto assets and NFTs. This wallet permits interaction with decentralized applications (dApps) and offers access to an expansive set of around 5,500 crypto assets beyond what is available in the hosted wallet. Some services within the self-custody wallet may incur fees based on specific activities.
Institutional Segment
Coinbase Prime
For institutional clients, Coinbase offers Coinbase Prime, an all-encompassing platform designed to facilitate institutional trading and investment in the crypto sphere. This product aggregates various essential services:
- Advanced Trading Capabilities: Institutions can conduct trades using features designed for high-volume transactions.
- Real-Time Market Data and Analytics: Clients gain access to analytics and market insights that empower informed decision-making.
- Financing Products: These include liquidity solutions tailored for institutional needs.
Smart Order Routing
Through sophisticated smart order routing tools, institutions can secure optimal execution prices by tapping into deep liquidity pools across a spectrum of trading venues. This sophistication is crucial for ensuring efficiency and processing large trades without significantly influencing market prices.
Custody Solutions and Security
Coinbase provides institutional-grade custody services via a highly secure cold storage system, backed by a U.S. qualified custodian. This service encompasses:
- Auditing and Governance: Regular audits ensure compliance and security necessary for institutional players.
- Digital Key Management: This entails robust management solutions for digital keys.
- Physical Security: Institutions can trust that their assets are safeguarded by stringent physical security protocols.
The custody service operates on a fee structure based on the total assets held in custody, providing a scalable account management solution for institutional investors.
Staking for Institutions
Similar to retail offerings, Coinbase allows institutions to stake their assets, receiving a commission on staking rewards, further incentivizing participation in the network.
Conclusion
Coinbase Global Inc. effectively bridges the gap between emerging crypto technologies and user-friendly access, catering to a wide spectrum of clients from individual users to large institutions. By continuously expanding its product portfolio and refining its technological infrastructure, Coinbase remains a leader in the crypto economy, enabling users to partake in various crypto activities safely and efficiently. The companys offerings encompass a holistic approach to engaging with the digital asset space, fostering growth and adoption on both retail and institutional fronts.
Retail Segment
Hosted Wallets and Services
Coinbase serves retail users through a hosted wallet that simplifies the user experience for buying, selling, and transferring a wide range of cryptocurrencies. This wallet allows users to interact with over 139 different crypto assets, providing an interface that supports transactions in various fiat currencies alongside crypto-to-crypto conversions. The hosted wallet also includes custody services, ensuring that customers assets are stored securely, which is vital in a market often criticized for security breaches.
Transactions and Fees
When users engage in activities such as buying, selling, or swapping currencies, Coinbase charges transactional fees. This includes provisions for both fiat-to-crypto and crypto-to-crypto trades, making it accessible for users at different entry points of the crypto world.
First-Party Solutions
Coinbase provides several proprietary solutions integrated within the hosted wallet that cater to various financial activities:
- Coinbase Card: A prepaid debit card that allows users to spend their cryptocurrency holdings directly at retail outlets.
- Borrowing Services: Users can leverage their crypto assets to borrow USD against select cryptocurrency balances, providing liquidity without needing to liquidate their assets.
- Earning Yield: Users can earn interest on their crypto holdings with options for high-yield savings on certain assets.
Staking Services
Coinbases staking mechanism, particularly the Delegated Proof of Stake (DPoS) system, allows users to earn rewards without needing to manage the technical complexities of staking. By participating, users maintain ownership of their assets while Coinbase earns a commission on the rewards generated.
Self-Custody Wallet
In addition to the hosted wallet, Coinbase offers the Coinbase Wallet, a self-custody solution that allows users full control over their crypto assets and NFTs. This wallet permits interaction with decentralized applications (dApps) and offers access to an expansive set of around 5,500 crypto assets beyond what is available in the hosted wallet. Some services within the self-custody wallet may incur fees based on specific activities.
Institutional Segment
Coinbase Prime
For institutional clients, Coinbase offers Coinbase Prime, an all-encompassing platform designed to facilitate institutional trading and investment in the crypto sphere. This product aggregates various essential services:
- Advanced Trading Capabilities: Institutions can conduct trades using features designed for high-volume transactions.
- Real-Time Market Data and Analytics: Clients gain access to analytics and market insights that empower informed decision-making.
- Financing Products: These include liquidity solutions tailored for institutional needs.
Smart Order Routing
Through sophisticated smart order routing tools, institutions can secure optimal execution prices by tapping into deep liquidity pools across a spectrum of trading venues. This sophistication is crucial for ensuring efficiency and processing large trades without significantly influencing market prices.
Custody Solutions and Security
Coinbase provides institutional-grade custody services via a highly secure cold storage system, backed by a U.S. qualified custodian. This service encompasses:
- Auditing and Governance: Regular audits ensure compliance and security necessary for institutional players.
- Digital Key Management: This entails robust management solutions for digital keys.
- Physical Security: Institutions can trust that their assets are safeguarded by stringent physical security protocols.
The custody service operates on a fee structure based on the total assets held in custody, providing a scalable account management solution for institutional investors.
Staking for Institutions
Similar to retail offerings, Coinbase allows institutions to stake their assets, receiving a commission on staking rewards, further incentivizing participation in the network.
Conclusion
Coinbase Global Inc. effectively bridges the gap between emerging crypto technologies and user-friendly access, catering to a wide spectrum of clients from individual users to large institutions. By continuously expanding its product portfolio and refining its technological infrastructure, Coinbase remains a leader in the crypto economy, enabling users to partake in various crypto activities safely and efficiently. The companys offerings encompass a holistic approach to engaging with the digital asset space, fostering growth and adoption on both retail and institutional fronts.