Coinbase experienced a significant boost in Q4 2024, recording a revenue of $2.3 billion, attributed to a surge in Bitcoin prices and increased retail trading. Transaction revenue soared by 270%, reaching $1.56 billion, while total revenue doubled from the previous year. The exchange’s profit of $1.3 billion exceeded analyst estimates. The recent presidential election positively impacted market dynamics, leading to higher cryptocurrency trading. Coinbase stock also surged, hitting a three-year high. The exchange reported a 141% year-over-year revenue increase, although it fell short of its pandemic peak of $2.5 billion in Q4 2021. Coinbase is diversifying through subscription services, reporting $641 million in this segment and stablecoin revenue of $226 million. Following regulatory developments, Coinbase anticipates a more favorable business environment, suggesting a potential turning point for the crypto sector.

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