Bitcoin exchange Coinbase reportedly made more than $1 billion in revenues last year

Coinbase, one the largest platforms for buying and selling cryptocurrencies, is reportedly making money hand-over-fist.

Recode, the technology publication, reported Monday the San Francisco-based company saw revenues top $1 billion last year, driven by explosive volumes in the market for digital currencies.

“The company’s valuation has likely at least doubled since its last valuation of $1.6 billion in August,” the Recode report said. “Coinbase was only expected to do about $600 million in yearly revenue as of September 30, according to people with knowledge of the figures, but bitcoin’s run between Thanksgiving and Christmas boosted the company’s 2017 revenue to over $1 billion.” […]

Read Full: Bitcoin exchange Coinbase reportedly made more than $1 billion in revenues last year