Catenaa, Friday, February 14, 2025 – Coinbase reported a sharp rise in revenue yesterday, posting $6.6 billion in full-year earnings for 2024, more than doubling its 2023 total of $3.1 billion.
The cryptocurrency exchange’s fourth-quarter revenue surged to $2.3 billion, surpassing Wall Street estimates by $430 million.
Quarterly transaction revenue jumped 172% from the previous quarter, reaching $1.6 billion. Net income for the quarter stood at $579 million.
The company ended the year with $9.3 billion in USD resources, up from $8.2 billion in the third quarter. Stablecoin revenue, however, saw a slight decline, falling to $226 million from the prior quarter’s $247 million.
Coinbase’s stock has climbed 16% in 2025 and soared 112% over the past year.
The company’s market capitalization now exceeds $73 billion.
In its annual shareholder letter, Coinbase signaled optimism about the future of crypto regulation in the US, crediting the Trump administration’s pro-crypto stance.
The exchange recently urged US financial regulators, including the Federal Reserve, to clarify banking policies related to digital assets.
It said that with a more favorable regulatory environment, Coinbase expected more growth in 2025.
