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How in the bloody hell does Coinbase not fund its own operations with profit??? I figured they made over a $100m every quarter.
by kolbe 9y ago
How in the bloody hell does Coinbase not fund its own operations with profit??? I figured they made over a $100m every quarter.
- richardknop 9y agoDo we have any source on what is their revenue? I sincerely doubt they are making 100 million in profit every quarter. I would be surprised if they were actually profitable.
- deleted 9y ago[deleted]
- vocatus_gate 9y agoWith the fees they charge, and the volume on the exchange, I don't see how they couldn't be making a profit? Of course I'm not a business guy, might be something I'm not thinking of.
- richardknop 9y agoIf they were making profit, I'd assume they would make a press release. They would want the business world know.
- dajohnson89 9y agoNo. If they're making a killing and released it to the public, there would be a clamor for lower fees.
- pmorici 9y agoPrivately owned profitable businesses don't usually go trumpeting to the world how wildly profitable they are. That is just inviting competition. Kind of dumb.
- fullshark 9y agoI would guess (hope) they have a ton of fiat in reserve that they don't want to touch.