Coinbase Global Cash on Hand 2020-2023 | COIN (2024)

FAQs

How much cash does Coinbase have on hand? ›

Cash on Hand as of March 2024 : $7.18 B

According to Coinbase's latest financial reports the company has $7.18 B in cash and cash equivalents.

-32.78 % As of 2024-08-04, the Fair Value of Coinbase Global Inc (COIN) is 137.43 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 204.44 USD, the upside of Coinbase Global Inc is -32.78%.

Coinbase's total transaction revenue surged 139% to $780.9 million in the second quarter. Revenue from Coinbase's subscription and services unit, which houses businesses outside of trading, jumped 79% to $599 million in the quarter.

Assets on the Coinbase Platform

As of March 2024, Coinbase customers held $334.71 billion worth of assets on the platform. That's a 2.58x increase over the past year.

Withdrawals of fiat currency are limited. Coinbase Exchange account holders have a default withdrawal limit of $100,000 per day.

Coinbase Exchange account holders have a default withdrawal limit of $100,000 per day. This amount applies across all currencies.

Our custodial accounts have been established in a manner to make pass-through FDIC insurance available up to the per-depositor coverage limit then in place (currently $250,000 per individual).

Is Coinbase stock a Buy, Sell or Hold? Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 49 buy ratings, 24 hold ratings, and 26 sell ratings.

With the current market price of 234.20 USD, the upside of Coinbase Global Inc is -35.2%. The range of the Intrinsic Value is 135.42 - 180.52 USD.

Coinbase has excellent security measures to ensure its users' funds are safe. However, we recommend moving your crypto assets off any exchange into a self-custodial hardware wallet. For new users looking to make simple buy and sell orders, the original Coinbase platform is likely the best option.

How much debt is Coinbase in? ›

Coinbase Global Balance Sheet Health

Coinbase Global has a total shareholder equity of $8.1B and total debt of $4.5B, which brings its debt-to-equity ratio to 55.7%.

Disadvantages of Coinbase

High staking fees: The platform charges a 25% commission on staking yields, significantly higher than many competitors. Ongoing legal case: Coinbase is facing a lawsuit from the US Securities and Exchange Commission (SEC), alleging it operated as an unregistered broker and exchange.

Funds on hold

When you use a linked bank account (ACH) to buy crypto or add cash to your account balance, the funds are placed on hold and won't be immediately available to send or cash out. Think of this like depositing a check to your bank account and having to wait for it to clear before you can remove the funds.

Coinbase sends Forms 1099-MISC to the IRS and to traders who made more than $600 in crypto rewards or staking. $600 is the current Coinbase IRS reporting threshold. This may be subject to change in future years.

When you add cash to your Coinbase account, the funds will be stored as your cash balance and will appear as the local currency in your list of assets.

Coinbase Global Balance Sheet Health

Coinbase Global has a total shareholder equity of $8.1B and total debt of $4.5B, which brings its debt-to-equity ratio to 55.7%.

Coinbase also charges a spread-based fee of 0.50%, while other fees depend more on which method of payment you're using — ACH transfers are free, whereas using a bank account or USD Wallet adds a 1.49% fee, using a credit or debit card adds a 3.99% fee and wire transfers rack up an extra fees of $10 incoming and $25 ...

Your total balance is the value of all on-platform funds in your portfolio.

Coinbase Market Cap

Coinbase has a market cap or net worth of $50.20 billion as of August 2, 2024. Its market cap has increased by 111.37% in one year.