Coinbase released its fourth-quarter revenue report in the last 24 hours.
The crypto exchange has seen a significant surge in revenue in the last quarter. As the community and market together march towards a weekend slump, Coinbase stirred up a little activity. Amid regulatory updates every other day, the cryptocurrency exchange released its fourth-quarter reports in the last 24 hours. Meanwhile, Bitcoin continues to consolidate at $96,000, struggling to reclaim its $100K mark. Notably, the US-based exchange’s fourth-quarter report shows that Coinbase has experienced a significant surge in revenue. This increase amounts to almost double the revenue that was expected—$2.27 billion vs. the $1.88 billion expected. Furthermore, the exchange’s stock rose by 2% in extended trading.
Coinbase discussed the reason behind this significant surge, which was the crypto rally that occurred after the elections. This is also the exchange’s highest quarterly revenue in three years. After stating the significant rise, Coinbase proceeded to outline its 2025 goals. In the quarterly report, Coinbase stated:
Zooming out, into the yearly reports, Coinbase reports a doubling in revenue hitting $6.6 billion. Its Q4 total revenue was $2.3 billion, which adds up to an 88% increase quarter over quarter.
What Is Coinbase Outlook for 2025? The exchange expects that in Q1 2025, their expenses might hike while subscriptions and services revenue is expected around $685-$765 million. Moreover, Coinbase, similar to many other firms, looks forward to gaining regulatory clarity in 2025.
Specifically, the exchange also received clarity for its litigation against the SEC. The legal battle against the SEC saw Coinbase’s CEO demanding an apology from the regulator for ‘frivolous cases’. However, recently tables have turned for the exchange on a global regulatory level. The exchange recently received several licenses, including in the UK, to offer crypto services. Meanwhile, the overall crypto market shows notable price increases in altcoins such as SUI.
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