Coinbase Reports Strong Q4 Results with $2.27B Revenue, Fueled by Crypto Bull Market
Coinbase (COIN) delivered outstanding fourth-quarter results, surpassing expectations with a 138% year-over-year increase in revenue, thanks to a significant crypto market rally following Donald Trump’s election victory.
The leading U.S. cryptocurrency exchange posted $2.27 billion in revenue for Q4, far exceeding the consensus estimate of $1.84 billion and up from $1.26 billion in the previous quarter. Adjusted earnings of $1.3 billion also topped the expected $906.9 million.
The company saw trading volume surge to $439 billion, up 185% from the previous year, while transaction revenue jumped by 194% to $1.56 billion.
In a shareholder letter, CEO Brian Armstrong noted, “Crypto’s voice was heard loud and clear in the U.S. elections, and the era of regulation through enforcement that stifled our industry in the U.S. is coming to an end.” Armstrong further outlined Coinbase’s 2025 objectives: driving revenue growth, expanding utility, and scaling their operations.
Although Coinbase shares saw a slight gain in after-hours trading, the stock had already climbed 8.5% during the regular session, buoyed by impressive Q4 results from Robinhood.
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