Recode: 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 $ 1 billion in 2017, Recode reports referring to its own sources in the industry. The growth is caused by the high interest of non-professional investors in bitcoin and other crypto-currencies, which can be bought and sold through Coinbase.

According to Recode, at the end of September, Coinbase forecasted revenue at the end of 2017 at $ 600 million, but the company managed to 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. Several shareholders told Recode that they received offers to redeem their shares. Sources of the publication in 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.