Coinbase, one of the main cryptocurrency exchange platforms, announces record financial results in the 4th quarter 2024. Carried by an expanding market and favorable macroeconomic conditions, the company has recorded spectacular growth by doubling its figure 'Business over a year.
Impressive financial performance for Coinbase
In 2024, Coinbase has exceeded all market expectations by publishing exceptional financial results. For its 4th quarter, the company has a turnover of 2.3 billion dollars, an increase of 88 % compared to the previous quarter.
As for his annual income, he reached $ 6.1 billion, compared to 3.1 billion last year.
This strong increase is largely due to the increase in transaction income on the CEX, which totaled $ 1.6 billion in the quarter, an increase of 172 % since the last results.
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According to Brian Armstrong, co -founder and CEO of the company, thanks to its $ 420 billion in assets under management, Coinbase is positioned in 21st rank of the largest American banking institutions.
Wgrace to these results, Coinbase action also experienced A dazzling ascent on the stock market over 1 yearreaching a record level in December with an increase of 86 % over the year. Since the beginning of 2025, the growth of the Coin Coin course continues with an increase recorded at 16 %.
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Why such impressive results?
Before analyzing the figures, it is essential to understand the elements that favored this exceptional growth. Several factors have played a decisive role in these performances:
- A high increase in cryptocurrencies : After the 2024 American presidential election, which saw the re -election of Donald Trump, the cryptocurrency market experienced a strong craze. Bitcoin, going beyond the symbolic bar of $ 100,000, has led to a significant increase in exchange volumes on Coinbase;
- A clearer regulatory framework : The Trump administration has implemented measures to strengthen the favorable position of the United States towards the cryptocurrency industry. This clarification of the intentions of the new government reassured investors and stimulated transactions on the platform;
- Diversification of sources of income : Coinbase no longer depends only on transaction income. The company has extended its offer with services such as stuking, subscriptions and solutions for institutions, which has enabled it to generate more stable and predictable income.
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Ultimately, the record results of Coinbase testify to the enthusiasm around the market of cryptocurrencies and His favorite place for investors. Thanks to a diversification strategy and a soon more clear regulatory environment in the United States, The company is well positioned to continue its growth in the long term.
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Source: Moning.co
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