$Coinbase Global, Inc.(COIN)$

$Coinbase Global, Inc.(COIN)$ Coinbase disclosed during the Q4 call that it booked $320 million in transaction fees through Feb 13

The data online shows that was based on roughly $76 billion in trading volume

The remainder of the quarter shows $177.6 billion in transactions

Of the fees are close to the same, this would then reflect approximately $747 million in additional revenue

Combined with what was disclosed and the math forward, I calculate $1.067 billion in revenue from transaction fees alone from trading

Subscription services last quarter totaled $375 million up 12% from the previous quarter. Modeling that again as several new products were launched and assets appreciated, we could see about $420 million or more.

I’m forecasting 1.487 billion in total revenue for Q1. This is over 56% higher than Q4 and far exceeds the street estimate of $1.2 billion. It would absolutely crush estimates for .89

We saw 1.02 last quarter alone

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