In this illustration, the photo of the Coinbase logo is displayed on a smartphone with stock exchange values on the background.
Omar Marques SOPA paintings Lightrock | Getty images
Coins On Thursday, better than expected was recorded Fourth quarter results And his largest quarterly revenues for three years, strengthened by a raging post -selection rally, which exceeded cryptocurrency prices to a new level of height at a new level at the end of last year.
Actions increased by 2% in extended trade.
This is what the company reported in the fourth quarter compared to what Wall Street expected, according to a survey conducted by LSEG analysts:
- Profit per share: $ 4.68 vs. USD 1.81
- Income: Expected $ 2.27 billion vs. $ 1.88 billion
Coinbase, which runs the largest American market in the field of buying and selling cryptocurrencies, has recorded a net income of USD 1.3 billion, i.e. USD 4.68 per share, compared to USD 273 million, i.e. $ 1.04 per share, including the same period a year ago.
He also achieved revenues of $ 2.3 billion, compared to $ 953.8 million in the same period a year ago. According to Streetaccount, the revenues from the transaction increased from last year to $ 1.56 billion and beat the estimates of analysts of $ 1.29 billion.
The total volume of trading amounted to $ 439 billion, which is an increase in 185% year on year. The volume of consumers increased by 224% from the same period a year ago, while the volume of institutional trade increased by 176%.
“Most of the growth of the Y/Y trade volume was caused by a higher level of variability of cryptocurrency assets – especially in Q1 and Q4 – as well as higher medium -sized cryptocurrency assets,” said the company in the shareholder list. “Two basic factors underlying these stronger macroeconomic factors were the launch of ETF Bitcoin products in Q1'24 and the selection of the President and Congress of Pro-Crypto in Q4'24 and the related expectations for the regulatory transparency-which it caused, the result in which the result in increased commercial activities of the Spot cryptography. “
Coinbase announced that he generated $ 750 million commercial revenues by February 11, and it is expected that teenagers will take place as a percentage of net revenues in the current quarter. The company tries to diversify its streams of trade revenues. In the fourth quarter, trade accounts for 68.5% of total revenues – from most of his retail traders.
Revenues from activities related to subscription and services – including Stablecouins, Staking, Areadody and its product Coinbase One – range from 685 million to USD 765 million in the current quarter.
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