Coinbase (coins) leads strong estimates for the fourth quarter results, posted a 138% year-year-income income in the middle of the main crypto bull transfer surrounding Donald Trump’s November election.
The leading US crypto exchange posted a fourth quarter income of $$ 2.27 billion against consensus $ 1.84 billion and $ 1.26 billion three months before.
Suitable incomes for three months of $ 1.3 billion top agreed $ 906.9 million.
The trading volume in the fourth quarter is $ 439 billion, up to 185% from last year’s level. The transaction revenue of $ 1.56 billion is higher than 194% year-year.
“Crypto’s voice was heard loudly and clearly in the US election, and the time of regulation by implementing the crippled in our US industry was on its way, “said CEO Brian Armstrong In his shareholder letter. “Our goals in 2025 are to drive income, drive utility, and measure our foundations.”
Coinbase shares are up to moderate only time trade, but the stock rallied 8.5% during the regular session today following the blowout fourth quarter crypto results from Robinhood when Wednesday.
Divinity: The parts of this article were formed with the help from the AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
