Summary List PlacementCoinbase said its revenue had soared more than 800% year on year in the first quarter.
Yet the US’s biggest crypto exchange said the market was too volatile to provide solid forecasts.
The company intends to directly list on the Nasdaq exchange on April 14.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Cryptocurrency exchange Coinbase’s revenue soared more than 800% year on year in the first quarter, the company revealed on Tuesday, but said the crypto market is too volatile to provide solid financial forecasts.
Coinbase, which is set to directly list on the Nasdaq exchange on April 14, estimated that its first-quarter revenue for 2021 came in at $1.8 billion. That was up around 844% from $190.6 million in the same quarter a year earlier.
The exchange’s chief financial officer Alesia Haas said: “2021 is off to a strong start. We have seen all-time high crypto asset prices…