Coinbase Q4 financial report released, with revenue of $2.3 billion far exceeding expectations

According to BlockBeats, on February 14th, Coinbase (COIN) released its Q4 2024 financial report, with Q4 revenue reaching $2.3 billion, far exceeding market expectations of $1.87 billion, a month on month increase of 88%. Among them, the transaction revenue was 1.6 billion US dollars, a month on month increase of 172%, and the quarterly transaction volume reached 439 billion US dollars. Annual revenue of 6.6 billion US dollars, net profit of 2.6 billion US dollars, and adjusted EBITDA of 3.3 billion US dollars. Coinbase stated in its shareholder letter that "the voice of the cryptocurrency industry has been fully expressed in the US election, and the era of 'law enforcement instead of regulation' is coming to an end." The company believes that the Trump administration is rapidly fulfilling its promise to "make the United States a global cryptocurrency center," and governments around the world are also increasing their attention and investment in the cryptocurrency industry. In 2025, Coinbase plans to focus on revenue growth, product usability improvement, and infrastructure expansion. The specific goals include expanding the trading market share, accelerating the growth of USDC market value, and promoting the development of businesses such as staking, custody, and Coinbase One subscription services. At the same time, the company hopes to promote stablecoin payments to make it more convenient for more consumers and businesses to use cryptocurrency. In addition, Coinbase will also promote Base (L2 solution) SmartWallet、 Developer platforms and other products enable more users to enter the Onchain ecosystem.