Coinbase Revenues Could Hit Nearly $50B by 2025, Investment Firm Says

Coinbase Revenues Could Hit Nearly B by 2025, Investment Firm Says
Coinbase is the best-positioned cryptocurrency-related company to benefit from the industry’s soaring growth, Hayden Capital said on Monday in a memo on the crypto exchange.Coinbase could reach $49.2 billion in revenue exiting 2025 under a bullish outlook of mass crypto adoption, rising interest among institutional investors and the sector growing to $6.8 trillion in total size. Under a more conservative crypto market cap estimate of $3.4 trillion, the firm would more than double revenues to $21.3 billion by 2025 Hayden’s prediction for 2021 revenue of $8.8 billion is higher than other analysts’ estimates; Coinbase is projected to generate about $7…