Coinbase has closed the year 2024 in a positive way, with $2.3 billion of revenue reported for the final quarter.
According to the firm’s Q4 2024 Shareholder Letter, this figure exceeded market projections of $1.87 billion and marked an 88% increase from the previous quarter.
Brian Armstrong, the exchange’s leader, has seen a 172% increase in trading revenue in Q4. This is due to a $439 Billion trading volume.
A net income of $1.3billion was also recorded by the company, which included gains unrealized from crypto investments worth $476m.
Total revenue for the year was $6.6 billion and net profit $2.6 billion. The company’s EBITDA reached $3.3 billion, reflecting its financial strength.
Coinbase credits its success with an increased product offering and the push to integrate on-chain financial services into everyday use.
This is what it says:
“Coinbase advanced the cryptoeconomy by deepening institutional adoption, scaling international growth, and expanding real-world utility. Our investments in newer products helped drive revenue growth, and we continue to innovate with products that showcase the power of onchain finance.”
The regulatory development
Coinbase continues to focus on regulatory clarity. This is especially true in the US. Policymakers there are taking steps towards crypto legislation.
Firm noted that all four important Congressional Committees were involved with legislative efforts to promote stablecoins. Moreover, the SEC’s recent shift, including the repeal of restrictive policies on banks supporting crypto activities, signals a changing regulatory landscape.
Coinbase is pursuing a MiCA in the EU and has registered as a Virtual Asset Service provider (VASP). Coinbase is involved in policy discussion across multiple countries, such as Australia, Brazil and Canada.
This exchange ended:
“It’s the dawn of a new era for crypto. Crypto’s voice was heard loud and clear in the US elections, and the era of regulation via enforcement that crippled our industry in the US is on its way out. The Trump Administration is moving fast to fulfill its promise of making the US the crypto capital of the planet, and globally, leaders are taking notice and increasing their attention and investment into crypto.”
Look 2025
Coinbase’s revenue-growth strategy is to increase its market share in trading, USDC adoption and subscription services.
To increase institutional participation, the company will scale up its derivatives offering, introduce new orders types and integrate perpetual trading within Coinbase Prime.
Coinbase generated a total of $750,000,000 in transactions in the first quarter 2025. This shows a strong growth.
Subscribers to Coinbase One are growing, while the price of crypto-assets is rising. This will result in a revenue range of $685 million to $765 million.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
