Coinbase Q4 imports increase 88% as Trump’s elections increase their password prices.

Coinbase has recorded one quarter of the fourth year in the fourth quarter, as the price and transactions have soared since the US presidential election.

According to Coinbase’s February 13 financial results, the company recorded a total sales of $ 2.3 billion, rising 88%, while net profit exceeded the analyst’s expectations by $ 1.3 billion.

The volume of trading reached $ 439 billion in the fourth quarter and estimated $ 440 billion.

Meanwhile, consumer transaction revenue increased more than 178%, while institutional sales increased by 155% to $ 141.3 million in the fourth quarter, up 145%.

In the shareholders’ letter, “Most of the Y/Y growth of the volume of transactions increased as the higher level of cryptocurrency volatility, especially in the first quarter and Q4, the higher the average encryption asset price.

Coinbase also recorded $ 225.9 million and $ 229 million in STABLECOIN’s sales and blockchain compensation sales, while the latter recorded a quarterly quarterly increase.

Coinbase stocks increased to $ 298.1 to $ 298.1, up 8.44% during the trading day of February 13, but have seen some volatility during extra time. According to Google financial data, it has dropped to $ 295.01 to $ 295.01, down 0.88% after the current time.

Coinbase’s income was made one day after the online broker, Robinhood, posted a banner quota in the fourth quarter, which increased the stock price as the consensus estimates and cryptocurrency income increased 700% year -on -year.

Volume surge after election

Crypto Research Firm Coin Metrics has been predicted by the increase in trade volume in the fourth quarter of 2024, with Coinbase’s sales more than 100% increase compared to the previous year.

Coin Metrics said that the market optimism, which had increased trading activities, was fueled by the new market optimism after the election. ”US President Donald Trump promised the United States to make the world a” worldwide capital “and the industrial leader to major agencies to major agencies. Nominated.

Kaiko, a cryptocurrency researcher, said on February 10, as Coinbase continued to rupture due to drought in retail investors, the trading volume was mainly originated by institutions.

KAIKO said, “Etail Traders, the highest fee paymenter, was not effective as the size decreased from 40%to 18%in 2021 to 18%.”

Subscription and service

According to Kaiko, in 2024, Coinbase increased the profits of joining and services, but the exchange said, “The trading still accounts for more than 50% of profits, remaining a trading platform.”

Analysts, meanwhile, expects to grow in Coinbase’s new subscription and service business.

In the fourth quarter, the supply of Stablecoin USDC (USDC) from Coinbase to the US dollar increased by 23%, which is a tail for EXCHANGE’s stablecoin sales, according to Coin Metrics.

But Coinbase’s Ether Leeum Staying Platform (another advantageous service business) is struggling with the overall decrease in ETH staker in the fourth quarter, Kaiko said.

In the long run, Trump’s friendly US regulatory environment helps Ether Lee’s staying business, researchers said.

Michale Miller, a stock researcher at Morning Star, said in a November research note: “We see a beneficiary of the election results because Coinbase is struggling with the regulatory pressure of the SEC.

Coinbase is also trying to expand internationally. The US -based Cryptocurrency Exchange is discussing with the Indian regulatory authorities in consideration of returning to the market after stopping operations in 2023.

relevant: US encryption exchange coin base eye India comeback

Additional report from Brayden Lindrea.