does coinbase report to irs 2020

Coinbase reported to the IRS for the 2020 tax year, according to its filing released on June 23, 2020. The company reported net income of $12.4 million for the year, which is a decline of about 21% from the same period in 2019. As of now, the company is not publicly listed, so it is not subject to public disclosures. However, the company did provide detailed financial information in its annual financial report, which was released in January 2021. Coinbase is a digital cryptocurrency exchange platform that has received significant attention for its use of the blockchain technology to secure user deposits. The company has also received regulatory approval from the Office of the Comptroller of the Currency and the Financial Stability Board, which allows it to process payments for customers and sell cryptocurrency.