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Coinbase cash flows from operating activities in 2019 and 2020 (in million U.S. dollars)

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Source

Release date

November 2021

Region

Worldwide

Survey time period

2019 to 2020

Citation formats

Coinbase operating cash flow 2019-2020

Published by K. Scholle, Nov 9, 2021
The amount of cash that Coinbase generated in 2020 was substantially larger than in 2019, fueled by billions of U.S. dollars from customer custodial funds. The cryptocurrency platform's operating activities grew from a loss of over ** million U.S. dollars in 2019 to a gain of over *** of U.S. one year later. This might coincide with the time that the price of Bitcoin started to increase, sparking a growing volume of consumer interest in cryptocurrencies. Indeed, Coinbase saw its net revenue grow by over *** percent between 2019 and 2020, reporting high figures in late 2020 especially.
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