Coinbase's annual revenue reached US$6.1 billion in 2024, doubled year-on-year

PANews reported on February 14 that according to The Block, the US cryptocurrency exchange Coinbase announced its fourth quarter and full-year financial results for 2024, exceeding market expectations, and revenue and profits increased significantly. The company's fourth quarter revenue reached US$2.3 billion, doubled year-on-year, higher than market expectations of US$430 million and quarterly net profit of US$579 million. Transaction revenue increased by 172% year-on-year to US$1.6 billion. The full-year revenue reached US$6.6 billion, more than double the US$3.1 billion in 2023.

Coinbase currently holds $9.3 billion in USD resources, up from $8.2 billion in the previous quarter. In addition, stablecoin revenue was $226 million, slightly lower than the $247 million in the previous quarter. Coinbase's stock price rose after trading, up 16% so far in 2025, up 112% in the past year, with a market value of more than $73 billion.

In its annual shareholder letter, the company said that the regulatory environment in the United States is improving, the government's crackdown on the cryptocurrency industry is over, and policies are expected to be more friendly in the future. Coinbase recently sent letters to the Federal Reserve, FDIC and OCC urging clarification of crypto-banking rules and ending “debanization” of the industry.