Coinbase reports $2.3 billion revenue in Q4 2024 and plans for international expansion in 2025. Share price increases by 8.4%.
On February 13, Coinbase released its Q4 2024 revenue report, reaching $2.3 billion, increasing adjusted earnings per share to $4.68, an 88% rise from the previous year. The annual revenue was $6.6 billion with a net profit of $2.6 billion. The majority of profits came from transaction fees, rising by 172% to $1.6 billion. Coinbase executives believe digital currencies are entering a golden age, transitioning from unconventional assets to mainstream financial infrastructure. The company plans to expand its international business in 2025. Following this report, Coinbase’s shares surged by 8.4% to $298.
