Cryptocurrency Q&A
What was Coinbase Global Cash on hand for 2023?
What was Coinbase Global Cash on hand for 2023?
Alessandra
Wed Jul 17 2024
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6 answers
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As a cryptocurrency and finance enthusiast, I'm curious to understand the financial health of leading companies in the industry. Could you please elaborate on the cash on hand position of Coinbase Global for the year 2023? This information would help gauge the company's liquidity and financial flexibility in the current market conditions. Understanding their cash reserves is crucial for assessing their ability to invest in growth, weather market volatility, and maintain operations.
6 answers
Dario
Fri Jul 19 2024
Coinbase Global, the leading cryptocurrency exchange in the United States, has demonstrated a notable growth in its cash reserves over the past few years.
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henry_taylor_architect
Fri Jul 19 2024
Coinbase's financial performance is indicative of the overall growth and popularity of cryptocurrencies in the United States and globally.
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Tommaso
Fri Jul 19 2024
In 2023, Coinbase Global reported a cash on hand of $5.738 billion, marking an 8.03% increase from the previous year.
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Eleonora
Fri Jul 19 2024
Looking back to 2022, Coinbase Global's cash reserves stood at $5.312 billion, a significant 26.78% decline from the year 2021.
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Stefano
Fri Jul 19 2024
However, in 2021, Coinbase Global experienced a remarkable surge in its cash on hand, reaching $7.255 billion. This represented a staggering 535.48% increase from 2020.
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