Coinbase is set to report its fourth-quarter earnings on Thursday, with expectations of a significant revenue increase to $1.8 billion, up from $1.26 billion in the previous quarter. Analysts are predicting that trading volumes for the exchange will reach their highest levels since Q4 2021, driven by a rally in the crypto market following a recent presidential election. Despite a strong Q4 outlook, projections for 2025 are cautious as analysts anticipate a normalization in volume and changes in policy. Citi has increased its price target for Coinbase shares, anticipating a positive transition for the company in the evolving crypto landscape, while JPMorgan remains neutral amid concerns that revenue may fall short of estimates. Overall, the fourth quarter of 2024 is viewed positively for Coinbase, reflecting increased activity and potential growth opportunities in the crypto sector.

Source 🔗