Coinbase financial report: Full-year revenue for 2024 reached $6.6 billion, with a net profit of $2.6 billion

2025-02-14 08:07:05

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ChainCatcher News, the American cryptocurrency exchange Coinbase announced its Q4 and full-year financial report for 2024. Q4 revenue reached $2.3 billion, significantly exceeding market expectations of $1.87 billion, with a quarter-over-quarter growth of 88%. Among this, trading revenue was $1.6 billion, a quarter-over-quarter increase of 172%, with quarterly trading volume reaching $439 billion. Full-year revenue was $6.6 billion, net profit was $2.6 billion, and adjusted EBITDA reached $3.3 billion.

In the annual shareholder letter, the company stated that the regulatory environment in the U.S. is improving, and the government's crackdown on the cryptocurrency industry is coming to an end, with expectations for more favorable policies in the future. Coinbase recently sent letters to the Federal Reserve, FDIC, and OCC urging clarification of cryptocurrency banking rules and an end to the industry's "de-banking" practices.

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