Coinbase Global Inc. caught the attention of investors as the recent surge in crypto trading allowed the company to exceed Wall Street’s forecasts for its fiscal fourth quarter. For the period ending on December 31, 2024, Coinbase shared adjusted earnings per share of $4.68.
This was a rise from $1.04 in the same quarter of 2023, and revenue was $2.3 billion, marking an 88% increase from 2024. Analysts had expected adjusted earnings of $1.36 and revenue of $1.59 billion, but their predictions fell short.
Investors seemed to foresee the positive results, pushing Coinbase’s shares up by 8% during regular trading before the earnings report. However, shares fell roughly 1.5% in after-hours trading.
Transaction revenue grew by 172% in the quarter, reaching $1.6 billion, while subscription and services revenue increased by 15% to $641 million. Coinbase experienced a 31% rise in stable coin revenue year over year, totaling $226 million, much to the surprise of many, including the crypto casinos 2025 players.
Blockchain Rewards revenue grew by 39% to $215 million, and custodial fee revenue rose by 36% to $43 million. With rising interest in crypto, especially after President Trump’s election in November, Coinbase reported a trading volume of $439 billion for the quarter, a jump of 188% from the previous year.
Within that total, institutional trading volume increased by 128% to $345 billion, and consumer trading volume rose by 176% to $94 billion. The total operating costs for the quarter were $1.2 billion, showing a modest increase of 19%, which seemed small compared to the revenue gains.
For the full fiscal year 2024, Coinbase noted adjusted earnings per share of $9.48, a significant rise from just 37 cents per share in 2023, with revenue hitting $6.56 billion, marking an increase of 111% year-over-year.
In a letter to shareholders, Coinbase described the current crypto market as the ‘start of a new era for crypto.’ It was noted that ‘crypto’s voice was heard loud and clear in the U.S. elections,’ suggesting that the strict regulations that had harmed the industry in the U.S. may soon end.
While Coinbase typically avoids giving clear forecasts due to the market’s ups and downs, it mentioned that by February 11, 2025, it had earned around $750 million in transaction revenue. The company anticipates that first-quarter revenue from subscriptions and services will fall between $685 million and $765 million.
Donald Trump’s New Tariff Threatens The Crypto Market
The global crypto market may need to prepare for possible rough times again, as U.S. President Donald Trump has stirred up trade war worries by hinting at new tariffs. On February 13, 2025, Trump expressed plans to set tariffs that match those imposed by other countries on American goods, which could heighten global economic fears.
This action, along with worries about inflation, might lead to more market swings, especially as Bitcoin, seen as a shield against fiat issues, shows some signs of weakness. ‘THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!’ Trump shared on Truth Social.
Trump’s suggested tariffs seek to tackle what he views as ‘unfair trade practices’, focusing on countries like India, Brazil, and Vietnam that impose high import fees on U.S. goods. The proposed tariffs are likely to have a strong effect on developing nations, where the difference between U.S. tariffs and import fees is quite large.
While this approach fits with Trump’s protectionist economic stance, some critics believe that tariffs might hurt American shoppers by increasing the prices of imported items. Ongoing trade talks with Indian Prime Minister Narendra Modi also hint at a possible reduction of tariffs on Indian exports.
However, there remains uncertainty about wider trade ties, especially with China and Mexico. This had certain crypto users, including players of the crypto casinos 2025 worried about whether the crypto market is poised for growth or downfall.
