Recode: The Bitcoin-Exchange Coinbase received $ 1 billion of revenue in 2017 and faced the problem of "investor agiotage"
science·@prosto·
0.000 HBDRecode: The Bitcoin-Exchange Coinbase received $ 1 billion of revenue in 2017 and faced the problem of "investor agiotage"
The revenue of the large Coinbase exchange was <strong>$ 1 billion in 2017, Recode reports referring to its own sources in the industry. The growth is caused by the high interest </strong>of non-professional investors in bitcoin and other crypto-currencies, which can be bought and sold through Coinbase.  According to Recode,<strong> at the end of September, Coinbase forecasted revenue at the end of 2017 at $ 600 million, but the company managed to </strong>exceed expectations due to a sharp increase in bitcoin in November-December. Due to the growth of financial indicators, Coinbase's estimate could have increased at least twice since August 2017, the publication suggests. Then the company raised $ 100 million with an estimate of $ 1.6 billion. Coinbase earns commissions from transactions, charging from the seller and buyer commission in the amount of 0.25% to 1% of the transaction amount.  >The success of Coinbase attracted attention from venture and private investors. <strong>Several shareholders told Recode that they received offers to redeem their shares. Sources of the publication in</strong> Coinbase say that the company's management opposed this and warned shareholders about the inadmissibility of reselling the company's shares. As a private company, Coinbase does not allow trading in secondary markets for a variety of reasons, including lack of information available to the market.
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