Coinbase Stockpiles $4.4B in Case of 'Crypto Winter': Report

The crypto exchange increased its reserves from $1.1 billion at the end of 2020.

AccessTimeIconAug 18, 2021 at 7:21 p.m. UTC
Updated Sep 14, 2021 at 1:42 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Coinbase has amassed a cash stockpile of $4.4 billion to ensure it can continue growing despite potential business risks such as regulatory crackdowns, cyberattacks and declines in trading volume, according to a report from The Wall Street Journal. 

  • Alesia Haas, Coinbase’s chief financial officer, told the paper that the exchange maintains cash reserves so that it can continue to invest and expand even in the worst-case scenario of a “crypto winter.”
  • Coinbase’s cash reserves stood at $4.36 billion at the end of June, up from $1.1 billion at the end of last year.
  • “We want to ensure that we maintain those cash reserves so that we can continue to invest and continue to grow our products and services in the event that we go into a crypto winter,” Haas said.
  • Coinbase, which generates nearly all of its revenue and profits from its comparatively high trading fees, has thrived with the surge in trading over the past year. Last week, Coinbase reported a net income of $1.6 billion for the second quarter, compared with a net income of $32 million from the same period in 2020.
  • Haas also told the Wall Street Journal that the stockpile could be used for acquisitions. In recent months, Coinbase has scooped up data analytics platform Skew, investment visualization startup Zabo, and Bison Trails, a blockchain infrastructure provider.  


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about