Coinbase Surpasses Expectations with 138% YoY Revenue Growth in Q4, Fueled by Crypto Bull Run
Coinbase (COIN) significantly exceeded fourth-quarter estimates, reporting a 138% year-over-year surge in revenue, driven by the strong bull market in cryptocurrency following Donald Trump’s election victory in November.
The prominent U.S. crypto exchange recorded $2.27 billion in revenue for the fourth quarter, surpassing the consensus estimate of $1.84 billion and marking a significant jump from $1.26 billion in the prior quarter. Adjusted earnings for the period came in at $1.3 billion, well above the expected $906.9 million.
Trading volume in the quarter reached $439 billion, a remarkable 185% increase from the same period last year. Transaction revenue climbed 194% year-over-year to $1.56 billion.
CEO Brian Armstrong shared his thoughts in the shareholder letter, stating, “Crypto’s voice was heard loud and clear in the U.S. elections, and the era of regulation via enforcement that hindered our industry in the U.S. is on its way out.” He also outlined the company’s 2025 goals: to drive revenue, expand utility, and strengthen their foundational operations.
While Coinbase shares saw a modest uptick in after-hours trading, the stock had already risen 8.5% during the regular session, following Robinhood’s impressive Q4 results in the crypto space.
