How many people will use Coinbase through 2023 is the focus in this piece. If you’re a fan of cryptocurrency, then you’re probably aware about Coinbase. If not, it’s important to be aware of the details of what the service is and the way it functions.
Coinbase is an extremely popular crypto exchange service that makes it easier to manage the process of purchasing selling, purchasing, and exchanging crypto coins.
This cryptocurrency exchange is very similar to an online broker that helps in the purchase of Bitcoin and various other assets digitally much easier.
Coinbase is a fee-based exchange that charges costs for their services So you have to be aware of the nuances that surround this cryptocurrency exchange.
Latest data indicates that Coinbase has more than the 89-million users. Over 6 million users conduct monthly transactions. The platform was introduced in 2012 and it had around one million users in its initial two years.
Let’s learn more about how many people are using Coinbase and the user’s characteristics, and the things that cryptocurrency buyers and potential investors must be aware of.
If you’re also marketing cryptocurrency or Coinbase then you’ll be able to discover these figures and information useful.
How Many People Use Coinbase in 2023?
The most up-to-date information on Coinbase users shows that there are more than 89 million accounts registered using the service. It’s hard to figure out if users have multiple accounts However, the number 89million is the most accepted number of Coinbase accounts. Coinbase.
The number is increasing as you read this article, therefore the numbers we provide are in accordance with the date of writing. By 2021 Coinbase has 8.8 millions active users. Additionally that the average user has just over $5,000 worth of cryptocurrency coins.
From 2014. and 2021 Coinbase increased from a mere 1 million to 73 million. In the present there are over 89 million Coinbase users. In the last few weeks, Coinbase has experienced a significant increase in the number of users.
Who Uses Coinbase?
Since this article is about the number of people who are using Coinbase we ought to cover certain characteristics of the people who use this particular exchange.
It is important to understand that the market for cryptocurrency is not awash in diversity and definitely is not balancing its use by gender.
Cryptocurrency appears to be attracting more male investors than females. It doesn’t matter if it’s because of decision or not, this is the current scenario in the financial market. It’s anything different from traditional financial markets.
The males aged between the ages of 18 and 29 make up 43% of the people who are interested in cryptocurrency.
Additionally that, 22% of men have reported using cryptocurrency as compared to the women counterparts which is just 10 percent.
Although there is no data specific to the differences between males and women who use Coinbase but it is an obvious logic that the numbers regarding cryptocurrency generally could also have an impact on Coinbase.
The demographics of the age group are not exactly as expected. 31% of crypto traders are between the ages of 18 and 29. 21 percent are between the ages of 30 and 49. The 50-64 age group comprises 8 percent of traders and investors, and only 3percent of people older than 65 are interested in the cryptocurrency market generally.
There is no specific information about Coinbase with regards to age groups however, the general information about cryptocurrency is likely to affect its user base.
In terms of where Coinbase users reside, the cryptocurrency exchange is available in over 100 different countries and is associated with greater than 15,000 partners in the community.
According to Coinbases About page, users all over the world begin their journeys into cryptocurrency through the platform.
The site also confirms more than 89 million verified users, and its affiliation with 11,000 institutions that depend upon the platform to save, invest or earn and other ways to make use of cryptocurrency.
Overall the data is an excellent depiction of the users who use Coinbase, based on gender, the age of their users, and location. This information is ideal for marketers who require demographic data to plan their strategies for marketing in this field.
What Assets Does Coinbase Support?
Coinbase offers a list its cryptocurrency that is supported on their site under the Help section. This will give you an idea of the extent the available assets are.
Here is an overview of the top some of the top cryptocurrency that are supported by Coinbase.
- Avalanche (AVAX)
- Bitcoin (BTC)
- Cardano (ADA)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Ethereum 2 (ETH2)
- Litecoin (LTC)
- Solana (SOL)
- Tether (USDT)
If you’re in search of something different on the market, these are 10 top market players in the crypto market.
- Synapse (SYN)
- Gods Unchained (GODS)
- Clover Finance (CLV)
- NKN
- IDEX
- Spell Token (SPELL)
- LCX
- DerivaDAO (DDX)
- 1Inch
- XYO
Coinbase offers more than 100 cryptocurrencies that make up $278 billion of transactions on the platform.
What Are Some Facts About Coinbase?
There’s more to this platform than just how many users use Coinbase. Here are some details and statistics that may appeal to you.
Coinbase says that there is approximately 18.9 millions BTC (Bitcoin) available and greater than $7 trillion worth of BTC has been distributed among BTC traders since 2009.
Coinbase’s Coinbase Chief Executive Officer and Co-founder Brian Armstrong has a net worth of $8.9 billion. Fred Ehrsam, another co-founder, is worth $1.9 billion.
Coinbase is home to around $278 billion of assets which is spread over a total of 100 countries. The volume of trades for the quarter as was last announced is five billion.
Transaction fees on Coinbase account for more than 86% of the revenue streams. According to the most recent figures, 11.3% of all market capitalization for cryptocurrency is located on Coinbase.
Coinbase employs over 3,700 people according to the website. If you’re interested in work for the company If you’re interested in working for this company, you can look into the careers page and learn details about their job opportunities.
Apart from knowing the number of people who make use of Coinbase and other services, these figures and facts must be gathered by prospective and present users, and also marketers in the field.
What Is the Revenue of Coinbase?
In the period between 2016, and 2021, the revenue of Coinbase was $16 million and then $4.03 billion. The year 2020 was the most successful for Coinbase. Coinbase was able to record $1.28 billion revenue and was able to surpass $4 billion from period from Q1 through Q3 of 2021.
The revenue from transactions for Coinbase has increased in the period between 2018 and 2020, rising from 463 million dollars to $1.1 billion. This is an increase of 2.37 times.
As stated, nearly 86 percent (85.94 percent) of its revenues come from transaction costs. Coinbase also offers a subscription service which generates revenues for the business. For the year 2020 Coinbase produced $44.49 Million in monthly subscription revenues.
Like every subscription services This platform is also subject to fluctuation in the revenue. This is due to the transaction value and variations in the volume.
What Are the Pros and Cons of Using Coinbase?
It’s typical that all cryptocurrency exchanges offer advantages and negatives, and Coinbase is no exception.
Once you’ve figured out the amount of people using Coinbase We’ll look at the reasons there are numerous users using Coinbase.Pros
- Supports around 100 cryptocurrencies
- Crypto is protected in the event of hacking
- Has a minimum investment of just $0 to be able to fund your account
Cons
- Fees are more expensive than other cryptocurrency exchanges.
Here are additional details on the benefits and negatives of Coinbase.
Upsides of Coinbase
Coinbase offers an extensive list of supported currencies that appeal to the customers who trade in crypto. It’s also insured to ensure that in the event of a website being attacked (rare incident) its customers are protected.
Coinbase provides two platforms which traders can trade. It is its primary platform, where USD can be utilized to purchase cryptocurrencies and Coinbase Pro equipped with advanced features including charts, and features that allow users to perform crypto-to-crypto trades Stop order, limits orders and make market transactions.
It’s more than just a crypto exchange. is more than just a crypto exchange. Additionally, it’s an education platform which allows you to earn while you learn through videos that teach you on the topic of the trading of crypto and the various crypto assets. You can earn cash through these videos.
Downsides of Coinbase
In the short version of the cons section, Coinbase has higher costs than other exchange platforms. A portion of their fee structure is as well difficult and hard to comprehend. You now know the benefits and the downsides that this site offers.
All in all, Coinbase is excellent for crypto traders who appreciate the ease of use this exchange provides and those looking to transfer one asset to another quickly and easily.
One of the things that people have mentioned is that customer service could be improved. However, the videos that teach and help section can help reduce the need for customer service. The minimum allowance for trade is $2. You can begin small and increase your wealth.
The cost of trading and transactions incur charges that range between 0.5 percent to 4.5 percent based on the volume of transaction and the type of platform that is used as well as the payment method and the kind of cryptocurrency.
Conclusion
You now know the amount of people using Coinbase as well as who it is used by and where it’s accessible as well as its fundamental revenue information and how many employees they have, and its pros and pros and. We believe we have given enough information to let you know whether Coinbase is one of the platforms that you should choose for your cryptocurrency trading.
If you’re a marketer you’ve got enough information and statistics and facts to formulate an effective marketing plan if you’re promoting Coinbase or other cryptocurrency markets. In general, Coinbase is one of the most transparent cryptocurrency exchanges available that has its minimum investment, and other information to make it easier to navigate and receive assistance when you require.
