Coinbase (Coin) already peaked strong estimates for the results of the fourth quarter, posting a 138% win over the year in revenue in the middle of the big bull movement in crypto around the November election Donald Trump.
The leading US crypto exchange emitted revenue from the fourth quarter of $ov 2.27 billion against consensus $ 1.84 billion and $ 1.26 billion three months before.
Adjusted earnings for the three months of $ 1.3 billion topped agreement of $ 906.9 million.
Trade volume in the fourth quarter was $ 439 billion, an increase of 185% from the previous year. Transaction income of $ 1.56 billion was higher with 194% the year before.
“Crypto’s voice was heard loudly and clearly in the US elections, and the era of regulation via enforcement that paralyzed our industry in the United States is on its way out, “CEO Brian Armstrong said in his shareholder letter.” Our goal in 2025 will run revenue, driving force and scale our foundations. “
Coinbase shares have increased with modest in trade after hours, but the stock already gathered 8.5% during the regular session today after blowout fourth quarter crypto results from Robinhood on Wednesday.
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