Coinbase's fourth quarter performance fell short of expectations, with trading revenue falling below $1 billion According to financial report data, Coinbase's fourth quarter performance fell short of expectations, with total revenue of $1.78 billion (estimated at $1.83 billion) and adjusted EPS of $0.66 (estimated at $0.86). Transaction revenue plummeted to 983 million US dollars, with both month on month and year-on-year declines, falling below the 1 billion mark for the first time since 2023. Subscription revenue of 727 million US dollars also fell month on month. As of February 10th in the first quarter, the company's trading revenue was approximately $420 million. Expected subscription revenue for the first quarter is between $550 million and $630 million. Coinbase's stock price rebounded slightly after the market closed, but still fell 40% this year. Coinbase stated, "We remain optimistic about the long-term development prospects of the cryptocurrency industry. The cryptocurrency market is cyclical, and experience tells us that its actual performance will never be as good or bad as it appears on the surface. Although asset prices may fluctuate, the undercurrents of technological change and cryptocurrency product applications continue