Coinbase Global Inc. posted a $322.3-million net income in 2020 from a $30.4-million loss in 2019 with higher users and trading volumes in the platform, the company reported in a prospectus.
- Full-year 2020 operating income recorded at $409 million versus $45.8 million loss in 2019; adjusted EBITDA up to $527 million from $24 million.; revenues up to $1.28 billion in 2020 from $533.7 billion.
- Trading volume at $193 billion versus $80 billion in 2019. Greater diversification expected as the company expands the breadths of assets available and as other crypto assets gain broader adoption.
- Verified users — retail users, institutions, and ecosystem partners with confirmed accounts — rose to 43 million from 32 million.
- Goldman Sachs & Co. LLC, J.P Morgan Securities LLC., Allen & Company, and Citigroup Global Markets Inc. tapped as financial advisors for listing of Class A common stock on the Nasdaq Global Select Market. Data yet to be announced.