According to an Investment Firm, Coinbase Revenue Might Reach Around $50 Billion By 2025
According to a revelation of Hayden Capital, Coinbase, the digital currency giant, is enjoying the best possible position to leverage the strong growth of the crypto industry.
Coinbase is perhaps the best-positioned digital currency-related company to reap benefits from the encouraging growth in the crypto space. On Monday, November 1, Hayden Capital came up with an interesting memo on this crypto exchange.
The memo said the crypto giant could touch the revenue of $49.2 billion by2025 as it has a bullish outlook on the mass adoption of cryptocurrency. Its performance has created the right kind of interest among institutional investors. The space is growing to 6.8 trillion USD, overall.
Hayden’s Forecast is More Than Other Analysts
If a more conservative estimate is done, its market cap stands at about 3.4 trillion USD. Additionally, the firm might double its revenues to 21.3 billion USD by 2025. At the same time, Hayden forecasted revenue of 8.8 billion USD in 2021 is more than the estimate of other analysts.
According to an estimate made by FactSet, the crypto exchange is likely to earn a revenue of 7 billion USD this year. Hayden Capital feels that Coinbase will continue to lead as compared to other crypto exchanges. It is also likely to fend off rivalry from other fintech firms such as PayPal and Robinhood.
Additionally, Coinbase has a much significant share of the American regulated spot markets, according to the same memo. Hayden Capital was established by a small-cap equity fund research analyst called Fred Liu.
