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Golden Sentinel | Coinbase released its Q1 financial report: net income of $1.6 billion, 90% of which came from retail transactions



On May 14, 2021, Coinbase released its 2021 Q1 financial report, which is also its first financial report after listing. Jinse Finance reporter will take you a quick look at Coinbase's 2021 Q1 financial report.

The main financial data of Coinbase are as follows:

Jinse Finance mining data broadcast: ETH’s network computing power rose by 3.25% today: Jinse Finance reported that according to the data from the spider mining pool:

The computing power of the BTC network is 150.481EH/s, the mining difficulty is 25.05T, the current block height is 686596, and the theoretical income is 0.00000610/T/day.

The computing power of ETH is 624.211TH/s, the mining difficulty is 8132.21T, the current block height is 12584688, and the theoretical income is 0.00248670/100MH/day.

The computing power of BSV network is 0.711EH/s, the mining difficulty is 0.99T, the current block height is 690549, and the theoretical income is 0.00126516/T/day.

The BCH network computing power is 2.646 EH/s, the mining difficulty is 0.37T, the current block height is 691153, and the theoretical income is 0.00034010/T/day. [2021/6/7 23:17:15]

The total revenue in the first quarter was US$1.801 billion, an increase of about 8 times year-on-year; the net income in the first quarter was US$1.597 billion, a year-on-year increase of 7.9 times; the net profit in the first quarter was US$771 million, a year-on-year increase of 23 times.

Golden Morning News | Bitfury Considers Encrypted IPO The British Government Refuses to Approve Encrypted Currency: 1. The Japanese Financial Services Agency proposes to limit the borrowing capacity of encrypted margin traders.

2. Steve Wozniak, co-founder of Apple, said that the blockchain is subversive but it is difficult to predict the future.

3. The National Bank of Canada adopts the JPMorgan Chase blockchain system.

4. Tether Treasury wallet holds nearly 30% USDT.

5. The Shenzhen Arbitration Commission case affirms the property attributes of Bitcoin.

6. The British government refuses to approve the Royal Mint's cryptocurrency.

7. Canada Border Services Agency pilots IBM-Maersk TradeLens blockchain platform.

8. Bitfury is considering Europe's first major crypto IPO.

9. 16 cryptocurrency and blockchain-related companies are listed in the top 100 fintech companies. [2018/10/26]

In the first quarter, net income was US$1.597 billion, transaction income was US$1.54 billion, subscription and service income was US$56.4 million, and transaction income accounted for 96%. Among the trading income, the trading income from retail investors is as high as 1.455 billion US dollars, accounting for 94%, far exceeding the trading income from institutions.

Jinse Finance live report Nem Blockchain CEO and founder: Blockchain must be commercialized: Jinse Finance live report, at the 2018 Southeast Asia Blockchain Innovation Summit, Tomochain, Nem Blockchain CEO and founder Long Vuong, in order for the blockchain ecosystem to be sustainable, the blockchain must be commercialized. [2018/4/21]

Currently Coibbase has more than 56 million verified users, including 8,000 institutions and more than 134,000 ecosystem partners. In the first quarter of 2021, the number of retail monthly transacting users (retail Monthly Transacting Users) increased to 6.1 million, doubling from the fourth quarter of 2020.

Coinbase’s total transaction volume in the first quarter was $335 billion, of which about $120 billion was retail transactions and $215 billion was institutional transactions. Bitcoin and Ethereum accounted for 60% of the transaction volume, 39% and 21% respectively, and other cryptocurrencies accounted for 40%.

As of March 31, 2021, the total amount of encrypted assets on the Coinbase platform was US$223 billion, accounting for 11.3% of the total cryptocurrency market value, of which US$122 billion was held by institutions and US$101 billion was held by retail investors. Of the $223 billion in encrypted assets, 62% are BTC, 14% are ETH, 21% are other encrypted assets, and 3% are legal currency assets.


Golden DeFi Daily | Uniswap V3 mainnet has been launched

DeFi Data 1. The total market value of DeFi: 140.276 billion US dollars The data source of the top ten currency rankings by market capitalization is DeFiboxDeFi total market capitalization data source: Coingecko2.

Rumor or true story Facebook founder Zuckerberg enters the Bitcoin market

Facebook CEO Mark Zuckerberg has made subtle hints about his "hold bitcoin" proposition. In a post that muddied market sentiment in the crypto space.

The key points of the defense of OTC in the currency circle suspected of helping crimes: the legality of OTC, the subjective intention of the crime

At present, the suspected crimes in the currency circle have attracted more and more attention from the case-handling agencies. As a link in the legal currency and digital currency transactions.

Which of the four generations of Bitcoin-anchored coins is more powerful to carve up the trillion-dollar market?

Bitcoin is opposed by veteran investors such as Buffett because it cannot generate positive cash flow. For bitcoin holders, if they only hold native bitcoins.

BTC will make major gains in the second half of the year?

After a massive first quarter rally, Bitcoin (BTC) has been relatively quiet so far in the second quarter, even as Ethereum (ETH), Dogecoin (DOGE) and other crypto assets exploded.In 2020 and early 2021.

5.3 Evening Quotes: This holiday is unusual, accepting the gift from the main force.

The article is contributed by Biquan Beiming, the columnist of Jinse Finance and Economics, and his remarks only represent his personal views.