Coinbase Reports Record-Breaking Q4 Earnings with $2.27B Revenue, Exceeding Expectations
Coinbase (COIN) closed out the year with exceptional fourth-quarter earnings, posting a 138% increase in year-over-year revenue, fueled by a major crypto market rally following Donald Trump’s election win.
The U.S.-based crypto exchange saw revenue hit $2.27 billion, surpassing the Wall Street estimate of $1.84 billion and significantly increasing from $1.26 billion the previous quarter. Adjusted earnings for the period totaled $1.3 billion, well above the consensus of $906.9 million.
Trading volume soared to $439 billion in Q4, a 185% increase compared to last year. Transaction revenue also surged by 194%, totaling $1.56 billion.
CEO Brian Armstrong highlighted in his shareholder letter that the crypto industry’s voice was strongly heard during the election, signaling a shift away from restrictive regulatory measures. “For 2025, our primary objectives are to grow revenue, increase utility, and scale our operations,” Armstrong stated.
Despite modest after-hours trading movement, Coinbase’s stock surged by 8.5% during regular market hours, riding on the back of strong results from both the company and Robinhood’s impressive Q4 earnings.
