Coinbase revenue hit $2.3B in Q4 as Trump's win boosted crypto trading
In its Q4 financial results, Coinbase reported a significant revenue of $2.3 billion, alongside a net income of $1.3 billion, driven by a surge in crypto prices following the election of US President Donald Trump. This marked the company's strongest quarter in over a year, with trading volume reaching $439 billion, surpassing estimates. Consumer transaction revenue saw a quarter-on-quarter increase of over 178%, totaling $1.35 billion, while institutional revenue grew 155% to $141.3 million. Stablecoin revenue was reported at $225.9 million, with blockchain rewards revenue increasing by 38.8%. Following the election, there has been renewed market optimism, particularly with Trump's promise to bolster the crypto industry, which has affected trading volume positively. However, Coinbase continues to face challenges in retail investor activity. Analysts believe a favorable regulatory environment under Trump could benefit Coinbase's long-term operations, especially in Ethereum staking, despite recent declines in staker numbers.
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