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"Speaking with Bloomberg, he said that Coinbase did not need the funding but pursued it for “opportunistic” reasons. Citing company documents, the report states that Coinbase achieved a record $380 million in profit in 2017 and — despite the bitcoin bear market — estimates that profit will grow to $456 million in 2018 with revenue approaching $1.3 billion."
http://cryptocoinjunky.com/coinbase-worth-8-billion-will-list-hundreds-of-tokens/
"Speaking with Bloomberg, he said that Coinbase did not need the funding but pursued it for “opportunistic” reasons. Citing company documents, the report states that Coinbase achieved a record $380 million in profit in 2017 and — despite the bitcoin bear market — estimates that profit will grow to $456 million in 2018 with revenue approaching $1.3 billion."
http://cryptocoinjunky.com/coinbase-worth-8-billion-will-list-hundreds-of-tokens/