Coinbase discontinued the "verified users" metric in 2023, citing in public filings that it was no longer indicative of overall performance and replaced it with "monthly transacting users"

Quotes that support claims

In a 2023 securities filing, Coinbase said it would no longer cite the figure in statements to investors. The number was “not indicative of our overall performance” and “no longer provides valuable insight into our business performance,” the company said.

In a 2023 securities filing, Coinbase said it would begin disclosing “monthly transacting users” rather than the “verified users” statistic, arguing that the former was “not indicative of our overall performance”

We also disclosed – and continue to disclose – the more relevant metric of ‘monthly transacting users’