The amount of cash that Coinbase generated in 2020 was substantially larger than in 2019, fueled by billions of U.S. dollars from customer custodial funds. The cryptocurrency platform's operating activities grew from a loss of over 80 million U.S. dollars in 2019 to a gain of over three billion of U.S. one year later. This might coincide with the time that the price of Bitcoin started to increase, sparking a growing volume of consumer interest in cryptocurrencies. Indeed, Coinbase saw its net revenue grow by over 130 percent between 2019 and 2020, reporting high figures in late 2020 especially.
Coinbase cash flows from operating activities in 2019 and 2020
(in million U.S. dollars)
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U.S. Securities and Exchange Commission. (November 9, 2021). Coinbase cash flows from operating activities in 2019 and 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1228426/operating-cash-flow-of-coinbase/
U.S. Securities and Exchange Commission. "Coinbase cash flows from operating activities in 2019 and 2020 (in million U.S. dollars)." Chart. November 9, 2021. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1228426/operating-cash-flow-of-coinbase/
U.S. Securities and Exchange Commission. (2021). Coinbase cash flows from operating activities in 2019 and 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1228426/operating-cash-flow-of-coinbase/
U.S. Securities and Exchange Commission. "Coinbase Cash Flows from Operating Activities in 2019 and 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 9 Nov 2021, https://www.statista.com/statistics/1228426/operating-cash-flow-of-coinbase/
U.S. Securities and Exchange Commission, Coinbase cash flows from operating activities in 2019 and 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1228426/operating-cash-flow-of-coinbase/ (last visited November 22, 2024)
Coinbase cash flows from operating activities in 2019 and 2020 (in million U.S. dollars) [Graph], U.S. Securities and Exchange Commission, November 9, 2021. [Online]. Available: https://www.statista.com/statistics/1228426/operating-cash-flow-of-coinbase/
