{"id":6762,"date":"2025-02-13T22:09:03","date_gmt":"2025-02-13T22:09:03","guid":{"rendered":"https:\/\/stoxpo.com\/?p=6762"},"modified":"2025-02-13T22:09:04","modified_gmt":"2025-02-13T22:09:04","slug":"coinbase-reports-strong-q4-2024-results-revenue-surges-88","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2025\/02\/13\/coinbase-reports-strong-q4-2024-results-revenue-surges-88\/","title":{"rendered":"Coinbase Reports Strong Q4 2024 Results, Revenue Surges 88%"},"content":{"rendered":"\n

Higher Trading Volumes and Crypto Prices Drive Record Growth<\/h4>\n\n\n\n

Coinbase Global (COIN) delivered a robust fourth-quarter performance, with revenue soaring to $2.27 billion, an 88% increase from the previous quarter. The cryptocurrency exchange significantly outpaced analyst expectations of $1.87 billion, fueled by higher trading volumes and rising crypto asset prices.<\/p>\n\n\n\n

Transaction revenue, the company\u2019s primary income source, surged 172% quarter-over-quarter to $1.6 billion, reflecting heightened market activity and investor engagement. Additionally, subscription and services revenue climbed 15% to $641 million, driven by the growth of staking, custody, and USDC assets.<\/p>\n\n\n\n

The company reported a net income of $1.3 billion, bolstered by $476 million in pre-tax gains from its crypto asset investment portfolio. Coinbase\u2019s balance sheet also strengthened, with total assets rising to $9.3 billion, up $1.1 billion from the previous quarter.<\/p>\n\n\n\n

“2024 was a strong year for crypto and for Coinbase\u2014our revenue more than doubled to $6.6 billion, net income reached $2.6 billion, and we generated $3.3 billion in Adjusted EBITDA,” said CEO Brian Armstrong.<\/p>\n\n\n\n

Looking ahead, Coinbase anticipates continued momentum in early 2025, projecting Q1 transaction revenue of approximately $750 million through February 11. Subscription and services revenue is expected to range between $685 million and $765 million.<\/p>\n\n\n\n

With a solid financial foundation and increasing adoption of crypto services, Coinbase is well-positioned for sustained growth in the evolving digital asset market.<\/p>\n\n\n\n

You might like this article:DraftKings Reports Strong Q4 2024 Results, Raises 2025 Revenue Guidance<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Higher Trading Volumes and Crypto Prices Drive Record Growth Coinbase Global (COIN) delivered a robust fourth-quarter performance, with revenue soaring to $2.27 billion, an 88% increase from the previous quarter. The cryptocurrency exchange significantly outpaced analyst expectations of $1.87 billion, fueled by higher trading volumes and rising crypto asset prices. Transaction revenue, the company\u2019s primary […]<\/p>\n","protected":false},"author":2,"featured_media":2744,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[483,314,361],"tags":[441,647,648,420,421,416,418,417],"coauthors":[454],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/6762"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=6762"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/6762\/revisions"}],"predecessor-version":[{"id":6764,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/6762\/revisions\/6764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/2744"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=6762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=6762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=6762"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=6762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}