Customer deposits with crypto firm Coinbase Ireland grew by 63% last year

The value of customer deposits held by Coinbase Ireland grew from €458.9m in 2023 to €747m in 2024

Coinbase Ireland is a subsidiary of the Coinbase Group. Another subsidiary, Coinbase Europe, was recently fined by the Central Bank of Ireland. 

Customer deposits held by cryptocurrency exchange Coinbase Ireland increased by close to 63% during 2024, as it grew its revenue over the course of the year to €58.3m, figures from its latest financial statement show.

According to the statement, the company generated €29.5m in revenue during 2023, which increased to €58.3m last year. However, profit for 2024 stood at just €3m — up from €1.6m year-on-year.