Coinbase Q4 Earnings Report Released, $2.3 Billion Revenue Far Exceeds Expectations

BlockBeats News, February 14th, Coinbase (COIN) released its Q4 2024 earnings report, with Q4 revenue reaching $23 billion, far exceeding the market's expected $18.7 billion, representing an 88% increase from the previous quarter. Among them, transaction revenue was $16 billion, a 172% increase from the previous quarter, with quarterly transaction volume reaching $4.39 trillion. The full-year revenue was $6.6 billion, net profit was $2.6 billion, and adjusted EBITDA reached $3.3 billion.

In a shareholder letter, Coinbase stated, "The voice of the crypto industry was fully demonstrated in the U.S. election, and the era of 'policing instead of regulation' is coming to an end." The company believes that the Trump administration is rapidly delivering on its commitment to "make America a global crypto center," and governments around the world are also increasing their focus and investment in the crypto industry. In 2025, Coinbase plans to focus on revenue growth, product usability improvement, and infrastructure expansion. Specific goals include expanding market share, accelerating USDC market cap growth, and promoting the development of businesses such as staking, custody, and the Coinbase One subscription service. At the same time, the company hopes to make it more convenient for more consumers and businesses to use cryptocurrency through the promotion of stablecoin payments. In addition, Coinbase will also promote products such as Base (L2 solution), SmartWallet, developer platform, etc., to bring more users into the Onchain ecosystem.