Key Points:
- Coinbase Q4 revenue was $2.3 billion, an 88% increase from the previous quarter, and net income reached $1.3 billion.
- The exchange’s trading volume hit $439 billion, and consumer transaction revenue rose 178% to $1.35 billion.
Coinbase Q4 revenue showed its strongest quarterly earnings in more than a year, with revenue of $2.3 billion, up 88% from the previous quarter.
Read more: Coinbase Wins UK Crypto Regulation Green Light for Services
Coinbase Q4 Revenue Hits Record-Breaking Surge With $1.3 Billion Net Income
Coinbase‘s net income for the quarter stood at $1.3 billion, significantly surpassing analyst expectations. Trading volume soared to $439 billion, well above the estimated $404 billion.
Consumer transaction revenue saw a 178% quarterly jump to $1.35 billion, while institutional revenue rose 155% to $141.3 million.
Transaction fees, which make up a substantial portion of Coinbase Q4 revenue, reached $1.56 billion, a sharp rise from $572.5 million in the previous quarter. Total revenue for 2024 more than doubled to $6.6 billion, with net income for the year reaching $2.6 billion.
Strategic initiatives, including the expansion of Base, Coinbase One, Prime Financing, and international markets, contributed to the company’s diversified growth.
Additionally, revenue from Coinbase’s subscription and services business, which includes stablecoins, staking, custody, and Coinbase One, is projected to be between $685 million and $765 million in the current quarter.
Strategic Growth and Market Optimism Drive Strong Performance
The strong earnings report came a day after online brokerage firm Robinhood also posted better-than-expected results, with its cryptocurrency revenue increasing 700% year-over-year. Cryptocurrency companies benefited largely from the market rally following the announcement of the US election results in November.
President Donald Trump’s ambition to establish America as the “crypto capital of the planet” has caused the price of Bitcoin to soar to breathtaking six-figure heights.
In order to boost the United States’ leadership in digital assets, the president has issued an executive order. The possibility of a national Bitcoin restoration is strengthening the U.S. government’s support for Bitcoin and could push crypto companies like Coinbase to grow further.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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