Coinbase Surges on Strong Q4 Earnings, Crypto Trading Boom

Coinbase (COIN) reported stellar fourth-quarter earnings, far surpassing Wall Street expectations as crypto trading surged amid a major bull run. The leading U.S. crypto exchange posted revenue of $2.27 billion, a 138% year-over-year increase, beating the consensus estimate of $1.84 billion and up from $1.26 billion in the previous quarter. Adjusted earnings hit $1.3 billion, exceeding the forecasted $906.9 million.

Trading volume skyrocketed 185% year-over-year to $439 billion, with transaction revenue jumping 194% to $1.56 billion. CEO Brian Armstrong highlighted crypto’s growing influence in U.S. elections, emphasizing that regulatory challenges are easing. He outlined Coinbase’s 2025 focus on revenue growth, utility expansion, and scaling its foundation.

Coinbase shares saw a modest after-hours rise but had already climbed 8.5% during the regular session, fueled by anticipation of strong results and a bullish crypto market. The company’s performance follows Robinhood’s impressive crypto-driven earnings report earlier this week.

With regulatory headwinds easing and crypto adoption accelerating, Coinbase remains a key player in the evolving digital asset landscape.