Coinbase UK makes £130m but growth slows as Bitcoin bubble bursts

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Coinbase, the $8bn cryptocurrency trading start-up, made €153m (£130m) in revenue last year from its UK business but its growth slowed as the digital coin bubble burst.

The San Francisco-based company emerged as one of the major winners of the Bitcoin bubble, which saw the price of the digital coin skyrocket to around $20,000 in late 2017.

The start-up lets users buy and trade cryptocurrencies, digital coins which only exist online, on the Coinbase app. It has also built a tool for professional traders to buy and sell the coins.

In its UK accounts on Companies House, which account for its non-US business, Coinbase reported €127m of revenue in 2017 and €153m in 2018.

However, its rate of growth…

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