Coinbase Smashes Q4 Earnings, Eyes Crypto's Global Future

Coinbase, a leading cryptocurrency exchange, has released its Q4 2024 earnings report, revealing a revenue of $2.3 billion, which significantly exceeded market expectations of $18.7 billion. This represents an 88% increase from the previous quarter. The company's transaction revenue reached $16 billion, marking a 172% increase from the previous quarter, with quarterly transaction volume reaching $4.39 trillion. For the full year, Coinbase reported revenue of $6.6 billion, net profit of $2.6 billion, and adjusted EBITDA of $3.3 billion.

In a shareholder letter, Coinbase expressed optimism about the future of the crypto industry, stating that the "era of 'policing instead of regulation' is coming to an end." The company believes that the Trump administration is committed to making the United States a global crypto center, and governments worldwide are increasing their focus and investment in the crypto industry. Coinbase plans to focus on revenue growth, product usability improvement, and infrastructure expansion in 2025. 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. Additionally, the company aims to make it more convenient for consumers and businesses to use cryptocurrency through the promotion of stablecoin payments. Coinbase will also promote products such as Base (L2 solution), SmartWallet, and the developer platform to bring more users into the Onchain ecosystem.