Coinbase Revenue Soars 88% in Q4, Driven by Crypto's Late-2024 Comeback

The crypto bull market of late 2024 propelled Coinbase to a strong fourth quarter, with revenue reaching $2.27 billion. The company also experienced a solid growth in transaction volumes, boosted in part by renewed optimism in the regulatory landscape following Donald Trump’s election victory. According to the company’s report, Coinbase’s Q4 revenue climbed 88% quarter-over-quarter, reaching $2.27 billion. Transaction revenue hit $1.56 billion, a 194% jump compared to the previous year. Net income was $1.3 billion, while the adjusted earnings were $1.3 billion.Revenue and Trading VolumesThe total trading volume in the quarter surged to $439 billion, reflecting increased investor activity as crypto prices soared. Meanwhile, the company’s subscription and services revenue reached $641 million, benefiting from higher crypto asset prices and growing adoption of services like staking and Coinbase One.Beyond trading, Coinbase is focusing on expanding crypto’s real-world utility. The company has been strengthening its institutional adoption and international presence while developing new products to drive onchain finance.Its layer-2 platform, Base, has seen rapid growth, enabling developers to create new financial applications. Additionally, the company is prioritizing stablecoin adoption to facilitate seamless crypto payments for businesses and consumers.Our Q4 and FY 2024 financial results are now live. pic.twitter.com/R5LuW7pwI9— Coinbase

Feb 13, 2025 - 23:35

Coinbase Revenue Soars 88% in Q4, Driven by Crypto's Late-2024 Comeback

The crypto bull market of late 2024 propelled Coinbase to a strong fourth quarter, with revenue reaching $2.27 billion. The company also experienced a solid growth in transaction volumes, boosted in part by renewed optimism in the regulatory landscape following Donald Trump’s election victory.

According to the company’s report, Coinbase’s Q4 revenue climbed 88% quarter-over-quarter, reaching $2.27 billion. Transaction revenue hit $1.56 billion, a 194% jump compared to the previous year. Net income was $1.3 billion, while the adjusted earnings were $1.3 billion.

Revenue and Trading Volumes

The total trading volume in the quarter surged to $439 billion, reflecting increased investor activity as crypto prices soared. Meanwhile, the company’s subscription and services revenue reached $641 million, benefiting from higher crypto asset prices and growing adoption of services like staking and Coinbase One.

Beyond trading, Coinbase is focusing on expanding crypto’s real-world utility. The company has been strengthening its institutional adoption and international presence while developing new products to drive onchain finance.

Its layer-2 platform, Base, has seen rapid growth, enabling developers to create new financial applications. Additionally, the company is prioritizing stablecoin adoption to facilitate seamless crypto payments for businesses and consumers.

Our Q4 and FY 2024 financial results are now live. pic.twitter.com/R5LuW7pwI9— Coinbase