Coinbase has recently made headlines as the cryptocurrency market faces a weekend slump. The exchange released its fourth-quarter reports, revealing a significant increase in revenue. This surge came amid ongoing regulatory updates. Bitcoin is currently consolidating at $96,000, trying to reach the $100,000 mark.
In its fourth-quarter report, Coinbase reported a revenue of $2.27 billion, nearly double the expected $1.88 billion. This impressive performance led to a 2% rise in the exchange’s stock during extended trading hours. Coinbase attributed this revenue boost to a crypto rally following the recent elections. This quarter marks the highest revenue for Coinbase in three years.
In the report, Coinbase expressed optimism about the future of cryptocurrency. They stated, “It’s the dawn of a new era for crypto.” The exchange believes that the regulatory environment is improving, moving away from enforcement that has previously hindered the industry.
Looking at the yearly results, Coinbase’s revenue doubled to $6.6 billion. The fourth-quarter revenue of $2.3 billion reflects an 88% increase compared to the previous quarter.
For 2025, Coinbase anticipates a rise in expenses in the first quarter. They expect subscription and service revenue to be between $685 million and $765 million. The exchange is also seeking regulatory clarity in the coming years.
Coinbase has made progress in its legal battle against the SEC, with its CEO calling for an apology from the regulator for what he termed “frivolous cases.” On a global scale, Coinbase has recently obtained several licenses, including one in the UK, allowing it to offer crypto services.
