Originally stating they expected their 2017 earning to be around $600 Million – Coinbase has filed their earnings report for 2017 where they surpassed all expectations and brought in over $1 Billion in revenue.
Coinbase has become so successful, Silicon Valley venture capalitist are dying to get a cut. But Coinbase has a message for those tech investors – we don’t want, or need you.
Going so far as to warn their early investors and staff that recieved stock options – don’t you dare sell your shares behind their back, stating:
“As a private company, Coinbase does not allow trading of stock on secondary markets for a variety of reasons, including the fact that there is not full and equal information available to the market. We will take appropriate action if we find people have sold Coinbase shares in violation of our agreements not to do so.”
According to Coinbase’s own statistics, over $50 Billion worth of cryptocurrency has been traded on their platform.