COINBASE JUST BLEW EVERYONE AWAY! THIS IS VERY GOOD FOR CRYPTO!

COINBASE JUST BLEW EVERYONE AWAY! THIS IS VERY GOOD FOR CRYPTO!

how’s it going everyone it’s Sam we just got some blowout numbers blowout numbers from coinbase really uh exceeding I think just about everyone’s expectations the stocks down a little bit I I want to talk about this because it’s really important for crypto investors to realize what’s happening with coinbase realize what game they’re playing who is buying who is selling what kind of revenues is uh coinbase seeing right now what kind of uh Outlook are they giving on the crypto market and they do that in the shareholder report if you don’t mind hit subscribe turn on the Bell notification underneath the video so you can see future videos just like this as soon as I make them also a couple links underneath the video one is to marja in case you want to trade cryptocurrency using leverage you can do it over on Marx and there’s also going to be a link to coin W underneath the video as well where you can trade with leverage or you can just trade spot you can just buy Spot Bitcoin and hold it and I have a I think a banger of a video coming out explaining why you want to have some Bitcoin so be on the Lu out for that but let’s take a look at coinbase so coinbase just reported earnings and it’s kind of overshadowed because Apple has earnings here today but they’re down 2.6% after the market closed a lot of people would say oh they must have had pretty bad earnings no they blew out expectations they’re going to have their earnings call in about an hour from the time of this recording but let’s take a look at what they said so every quarter I love looking at this because they give out so much information and I do want to apologize I’m on my phone because I just got a new laptop and my old laptop is transferring files so we’re working with the phone here today but they say our financial performance in q1 reflects our focused execution on product expansion ongoing operational discipline and strong crypto market conditions let’s let’s first of all look at what their expectations were so people expected or analysts expected about 1.37 billion in revenue and I’ve seen different estimates from 1.07 to 1.28 in terms of eps they blew these out they had 1.6 M uh 1.6 billion in revenue and $4 in EPS so they beat by 200% 300% something like that something in insane they say that they generated 1.6 billion in total revenue and 1.2 billion of net income I mean think about those numbers 75% of the money that they brought in went to the bottom line in that income adjusted ebaa was $1 billion more than we generated in in all of 2023 additionally we made meaningful progress against our 2024 priorities of driving Revenue utility and Regulatory Clarity our market share in US spot and D derivatives increased we reached all-time highs on coinbase Prime and usdc market capitalization increased coinbase 1 adoption remained strong and our international business was was a larger contributor to our growth through base our layer 2 solution and we’ll get to the juicy stuff here in a second the juicy stuff is uh the juicy stuff is coming they say through base our layer 2 solution we are expanding the utility of crypto by improving the infrastructure of the ecosystem increasing speed and stability of the network and empowering Builders to innovate onchain lastly we continue to drive regulatory Clarity for crypto Investments through Grassroots advocacy pushing for legislation and ongoing efforts to see clarity through the courts okay so let’s break some of these numbers down 1.6 billion in Revenue beating estimates by well over 10% net income was 200 300% higher than expectations to they show usdc increasing the market cap by 30% uh growing internationally 80% coverage of the estimated total per Perpetual Futures volume globally as of q1 okay let’s go through some of the numbers though cuz that was a lot of uh just verbage from them so their total net revenue for this quarter was about $1.58 billion $ 1.59 billion this is up from 900 Million last quarter I mean we’re talking about an 80% increase from last quarter from a year ago it’s up over 100% their let’s see this this is their net income went from 273 million up to 1.17 billion so their net income went up 4X and then adjusted eida went up from 324 up to 1.01 billion okay let’s just take a second those are insane numbers obviously it’s coming down to a lot of people trading more and we can see that down here let’s just go down so you can see we had transaction revenue from C uh from consumers or just like retail go up to $935 million so still half over half of their in of their revenue is coming from retail trading then we had about 85 million in Revenue coming from institutions trading keep in mind they they will break down how much insti tions trade versus retail they’re making a lot of money from retail Traders they charge a lot higher fees other transaction Revenue ended up being about 56 million so actually being a significant contributor uh this quarter almost as much as institutional uh institutional Revenue they also had a good amount of subscription Revenue you can see about 511 million most of which is coming from stable coin revenue and blockchain rewards so this is subscription and Services Revenue okay let’s scroll down you can see their trading volume so this is the crazy thing we have consumers paying about 10 times the fees retail paying about 10 times the fees and yet they do 1th of the volume retailed at about 56 billion in volume or in trading volume institutions did about 256 billion so I mean the fees are about 50x higher you can just break down the numbers 50x higher for retail that is crazy but still their business is doing well uh trading volume the majority is coming from Bitcoin about 33% and 13% from ethereum 11% from usdt and then the rest is just other crypto assets about 43% transaction Revenue as a percentage of the total works out to be about the same except for the fact that you know these smaller altcoins whatever they are these smaller crypto assets are paying a higher percentage they’re making more on selling those smaller cryptos as opposed to bitcoin or ethereum okay operating expenses actually kept pretty low so they go through it uh at some point in here yeah you can see here 877 million in total operating expenses versus 800 38 million the quarter before they say the majority of this was due to I believe stock based compensation so they are keeping expenses in line as well okay I think that’s pretty much what I want to cover here of course you can dig into it a little bit deeper but they are expecting a similar Revenue number next quarter they say though that it’s it’s not always the best to try to extrapolate this out to the next quarter for them okay sorry we’re back now uh they say that it can be dangerous to try to to expand this out because we basically don’t know what trading volumes are going to be moving forward so what does this mean for you as a crypto investor it means that we are in a bull market I mean we can see it we can see coinbase’s Revenue going up we can see more people trading we can see institutions trading uh retail trading we can see Services Revenue going up and you know we see the day-to-day fluctuations right in the prices of cryptocurrencies and sometimes it throws us off it makes us feel like the bull runs over but you can see when you expand out to a full quarter this quarter was so much better than the quarter before which was so much better than the quarter before that and that was better than the quarter before that looking at companies like this it shows us one shows us that we are paying higher fees you know we are getting the work around I don’t know the best way to phrase that we are as retail investors paying a lot so you have to be careful of that you have to be careful of what you’re buying what kind of fees you’re buying but also it tells us we are in that bull market that we’ve been waiting for and just because we’re down 10 20% doesn’t mean that the bull Market’s over right you can see it in the numbers this is just starting to pick back up I mean the numbers are crazy and the profitability of some of these crypto compan is crazy and I think you know some people would be annoyed that the fees are kind of high and you know yeah it it sucks right if you’re paying high fees you have to be careful about that but crypto companies making a lot of money does not suck that actually helps us out as an industry a lot where would we be if binance and coinbase and none of these companies had any money well we would be pushed around all over the place money begets money money pushes change and these companies want crypto to stay so they’re going to fight to make sure that we can do what we want to do staking uh uh self- custody they want to make sure that we can trade freely right so they’re going to fight the they’re going to continue to push for us to be able to do what we want to do cuz we’ll do it on their platforms and make them some money in the meantime so our interests are aligned so make sure that you’re thinking big picture here now thank you so much for watching again you can check out the links underneath the video to coin W or to uh blof fin or to Marx if you want to start trading the reason I bring those up too in a video about coinbase coinbase is great for some things but we’ve seen them go down several times and there’s C certain things you just can’t do on coinbase there’s certain coins you can’t buy right so if you want a little bit more flexibility get a second account somewhere else like blof and Marx uh coin W and you can start trading there today thank you so much I appreciate it let me know your thoughts on this underneath the video and I’ll see you in the next one bye

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