
{"id":44493,"date":"2025-02-14T10:00:13","date_gmt":"2025-02-14T10:00:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44493"},"modified":"2025-02-14T10:00:13","modified_gmt":"2025-02-14T10:00:13","slug":"coinbase-reports-best-quarter-in-over-a-year-as-crypto-surges-post-trump-election","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44493","title":{"rendered":"Coinbase Reports Best Quarter in Over a Year as Crypto Surges Post-Trump Election"},"content":{"rendered":"<p>Trump crypto boost \u2013 Coinbase earnings were reported as the strongest quarterly earnings in a year, triggering a Coinbase stock and crypto stock surge.<\/p>\n<p><span>Coinbase has reported its <\/span><span>strongest<\/span><span> quarterly earnings in over a year, fueled by a surge in crypto trading activity following the election of U.S. President Donald Trump. <\/span><\/p>\n<p><span>The <\/span><span>company\u2019s<\/span> <a class=\"general-link\" href=\"https:\/\/s27.q4cdn.com\/397450999\/files\/doc_financials\/2024\/q4\/Q4-24-Shareholder-Letter.pdf\" target=\"_blank\" rel=\"noopener\"><span>Q4 2024 financial results<\/span><\/a><span>, released on Feb. 13, revealed a total revenue of $2.3 billion, an 88% increase quarter-over-quarter, far surpassing analyst expectations. Net income also saw significant growth, reaching $1.3 billion.<\/span><\/p>\n<p><span>The crypto <\/span><span>exchange\u2019s<\/span><span> trading volume soared to $439 billion, exceeding previous forecasts of $404 billion. <\/span><\/p>\n<p><span>Retail and institutional investors <\/span><span>contributed to the growth, with consumer transaction revenue surging 178% quarter-over-quarter to $1.35 billion and institutional revenue increasing by 155% to $141.3 million.<\/span><\/p>\n<p><strong><span>EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span>Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span>Market Volatility and Regulatory Optimism Fuel Growth For Coinbase Stock<\/span><\/h2>\n<p><span>In a shareholder letter, Coinbase attributed its revenue increase to heightened crypto market volatility and rising digital asset prices, particularly in Q1 and Q4 of 2024. <\/span><\/p>\n<p><span>Revenue from stablecoins and blockchain rewards also contributed to the strong performance, with Coinbase recording $225.9 million from stablecoins and $214.9 million from blockchain rewards, marking a 38.8% quarterly growth in the latter category.<\/span><\/p>\n<p><span>Analysts point to renewed investor optimism following <\/span><span>Trump\u2019s<\/span><span> election victory as a key driver behind the market resurgence. The president has promised to make the U.S. a global leader in crypto innovation and has nominated pro-crypto officials to lead key regulatory agencies. <\/span><\/p>\n<p><span>Research firm <\/span><a class=\"general-link\" href=\"https:\/\/coinmetrics.substack.com\/p\/state-of-the-network-issue-298\" target=\"_blank\" rel=\"noopener\"><span>Coin Metrics projected<\/span><\/a> <span>Coinbase\u2019s<\/span><span> revenue to grow over 100% year-over-year, citing increased trading activity fueled by regulatory optimism and institutional participation.<\/span><\/p>\n<p><span>Despite its strong performance, Coinbase faces challenges in attracting retail traders, who have historically paid<\/span><span>\u00a0higher transaction fees.<\/span> According to research firm Kaiko, retail participation accounted for only 18% of total trading volume in 2021, a sharp decline from 40% in 2021.<\/p>\n<p>Growth of Coinbase&#8217;s <a href=\"https:\/\/twitter.com\/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$COIN<\/a> &#8220;Subscription &amp; Services Revenue&#8221; is\u2026INSANE! (and I don&#8217;t use CAPS or &#8220;insane&#8221; lightly). $45 million in 2020, $2.31 billion in 2024. <a href=\"https:\/\/t.co\/g85rJYHOOu\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/g85rJYHOOu<\/a><\/p>\n<p>\u2014 Jevgenijs Kazanins (@jevgenijs) <a href=\"https:\/\/twitter.com\/jevgenijs\/status\/1890155677202653526?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 13, 2025<\/a><\/p>\n\n<p><span>Following the earnings report, Coinbase shares rose 8.44% to $298.1 but experienced slight after-hours volatility, dipping 0.88% to $295.01, according to Google Finance data.<\/span><\/p>\n<p><span>The strong performance comes just a day after online brokerage firm Robinhood reported a 700% year-over-year jump in crypto revenue, underscoring the growing demand for digital assets.<\/span><\/p>\n<p><span>Coinbase has also been expanding its subscriptions and services, though trading remains its core business, <\/span><span>still<\/span><span> accounting for over 50% of total revenue. <\/span><\/p>\n<p><span>One of its key revenue streams, Ethereum staking, has faced challenges, with a net outflow of 1.3 million ETH in Q4. However, analysts believe a more crypto-friendly regulatory environment under Trump could support <\/span><span>Ethereum\u2019s<\/span><span> staking growth in the long run.<\/span><\/p>\n<p><strong><span>EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\"><span>15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n<h2><span>International Expansion and Regulatory Outlook For Coinbase<\/span><\/h2>\n<p><span>Looking ahead, Coinbase is focusing on international expansion. The company <\/span><span>is reportedly in<\/span><span> talks with Indian regulators about re-entering the market after halting operations in 2023.<\/span><\/p>\n<p><span>Equities researcher Michael Miller of Morningstar noted that <\/span><span>Trump\u2019s<\/span><span> election could ease regulatory pressure from the SEC, benefiting firms like Coinbase that have struggled under the previous <\/span><span>administration\u2019s<\/span><span> scrutiny.<\/span><\/p>\n<p><strong><span>EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p>        <span>Coinbase reported its strongest quarter <\/span><span>in<\/span><span> over a year, with revenue surging 88% to $2.3 billion and net income reaching $1.3 billion.<\/span>    <\/p>\n<p>        <span>Market volatility and <\/span><span>Trump\u2019s<\/span><span> pro-crypto stance fueled trading activity, driving institutional and retail transaction revenue <\/span><span>growth<\/span><span>.<\/span>    <\/p>\n<p>        <span>Despite strong performance, retail trading remains weak, while Coinbase focuses on international expansion.<\/span>    <\/p><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/coinbase-reports-best-quarter-in-over-a-year-as-crypto-surges-post-trump-election\/\">Coinbase Reports Best Quarter in Over a Year as Crypto Surges Post-Trump Election<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Trump crypto boost \u2013 Coinbase earnings were reported as the strongest quarterly earnings in a year, triggering a Coinbase stock and crypto stock surge. Coinbase has reported its strongest quarterly earnings in over a year, fueled by a surge in crypto trading activity following the election of U.S. President Donald Trump. The company\u2019s Q4 2024 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44493","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44493"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44493"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44493\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}