---
title: "Big news! "Speaking with Bloomberg, he said that Coinbase did not…"
date: 2018-10-31
source: facebook
type: Archer T. Ships shared a link.
---

# Big news! "Speaking with Bloomberg, he said that Coinbase did not…

*October 31, 2018 · Facebook*

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[http://cryptocoinjunky.com/coinbase-worth-8-billion-will-list-hundreds-of-tokens/](http://cryptocoinjunky.com/coinbase-worth-8-billion-will-list-hundreds-of-tokens/){target="_blank"}
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Big news!\
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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.\"\
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[http://cryptocoinjunky.com/coinbase-worth-8-billion-will-list-hundreds-of-tokens/](http://cryptocoinjunky.com/coinbase-worth-8-billion-will-list-hundreds-of-tokens/){target="_blank"}
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