Coinbase presented a great report on the fourth quarter profits, bypassing Wall Street’s expectations as an increase in the adoption of encryption and enthusiasm in the market that feeds trading activity.
The Stock Exchange recorded $ 2.3 billion in total revenue, which represents an 88 % increase year on an annual basis and the strongest quarter in three years.
The net income increased to $ 1.3 billion, largely driven by an increase in the volume of transactions and the high encryption prices after the US November elections.
Institutional adoption is accelerating, USDC sees great growth
Founding players were a driving force behind the impressive Coinbase numbers. Institutional trading volume increased by 128 % a quarter of a quarter, with the support of a record flow in the investment funds circulating in Bitcoin and the broader market participation. Coinbase’s custody services have also expanded, with a total of $ 220 billion in nursery assets.
USDC, Stablecoin participated in the founding of Coinbase and Circle, in the year of collapse. USDC payments on the series increased by 225 % compared to 2023, which pushed its position as a dominant player in the Stablecoin Market. Coinbase’s subscription and services revenues amounted to $ 2.3 billion, as USDC played a major role in its inaccurate income.
The base becomes a higher layer mesh
Soon the base of itself was proven as a major player in the Onchain economy. The network has seen the assets on its platform growing by 89 % a quarter of a quarter, and exceeded 14 billion dollars in the total value.
With a pro -Crypto administration in his position, Coinbase’s executive officials expect a more appropriate organizational environment. The company actively pushed the clear stablecoin regulations, with a bet that the regulatory legal framework will accelerate the adoption. In addition, the possible SEC case decisions and the participation of the broader encryption market can enhance the stock market position in 2025.
In the future, Coinbase Q1 2025 trading revenues of $ 750 million until mid -February, with subscription and services revenues expected between $ 685 million and $ 765 million. While organizational uncertainty is still waving on the horizon, the stock market’s ability to diversify revenue flows indicate that it is in a good position to continue to expand.
