Coinbase is projected to achieve approximately $2 billion in revenue for Q4 2024, marking a significant 109% year-over-year increase and 65% quarter-over-quarter growth, according to Coin Metrics. The surge in trading volume, estimated to be around $430 billion, reflects heightened trading activity since the November elections in the U.S., driven by increased market optimism. Additionally, Coinbase has seen a notable uptick in stablecoin activity, with USD Coin supply rising by about 23%, enhancing the exchange’s revenue from stablecoin operations. Notably, Coinbase has also gained substantial income through staking various cryptocurrencies, such as Ether and Solana, which allows users to earn rewards by locking up their assets with a validator on the blockchain. This forecast comes as other major players in the crypto space are also set to report earnings, indicating a robust recovery in the market following the electoral results.

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