Coinbase Earned 6.8 Billion Commissions

Coinbase, one of the world's leading cryptocurrency exchanges, earned 6.8 billion commissions last year.

It is still a mystery how much Binance, the biggest in the cryptocurrency world, earns from trading commissions, but CZ's fortune, which is close to 100 billion dollars, gives us an idea. A better benchmark is Coinbase financial statements. According to the last quarter report released by Coinbase last year, revenue from trade commissions was around $2.3 billion. A 5-fold increase was achieved on a yearly basis. When we look at the yearly basis, we see an amount of up to 6.8 billion dollars. In other words, we can say that it is the highest amount that an exchange earns only from the trading commission. A 6-fold increase was achieved on a yearly basis. The firm plans to hire 6,000 new employees and invest around $5 billion this year.