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Re:Coinbase from YC to DPO by pjc50 on Wednesday April 14, 2021 @04:44PM (#26812821)
https://www.advratings.com/banking/worlds-top-banks-by-marke... : it's in the top 10-20.

Does anyone know what the value of assets under management by Coinbase is?

Re:Coinbase from YC to DPO by hnews_account_1 on Wednesday April 14, 2021 @05:21PM (#26813272)
AUM is the absolute wrong metric to measure for an exchange. This is why I tell everyone to never pretend they understand a subject the moment you read the first Wikipedia page you come across.
Re:Coinbase from YC to DPO by rgifford on Wednesday April 14, 2021 @05:09PM (#26813119)
All crypto is < 1T. I don't know what their market share is, probably high 100Bs.
Re:Coinbase from YC to DPO by chabes on Wednesday April 14, 2021 @05:14PM (#26813185)
All crypto is > 2T, as of the last few days
Re:Coinbase from YC to DPO by FabHK on Wednesday April 14, 2021 @05:37PM (#26813436)
USD 90 billion "assets on platform" (which, as has been pointed out, is not a good metric for an exchange at all). That's about 5-12% of total crypto assets (depending on the time of day) [1].

By the way, Coinbase revenue in the last quarter was nearly 0.1% of the entire crypto market cap.

So, Coinbase took around 60$ of any 10,000$ traded on Coinbase, and 10$ of any 10,000$ crypto market cap, which implies that 1/6 of the entire crypto market cap traded through Coinbase once this quarter, unless I'm mistaken.

See the second story in Matt Levine's Money Stuff: https://www.bloomberg.com/opinion/articles/2021-04-14/good-a...

[1] more likely, the percentage is fairly constant, while the USD value fluctuates a lot with crypto prices, so "AUM" might be around USD 200 billion now (as crypto market cap is USD 2 tr).