TechFlow news — According to Coinbase's Q4 2024 earnings report, the company achieved total revenue of $2.3 billion, an 88% increase quarter-over-quarter, with trading revenue reaching $1.6 billion, up 172% from the previous quarter. Subscription and services revenue grew 15% to $641 million. Full-year 2024 revenue reached $6.6 billion, with net income of $2.6 billion.
The report revealed that as of the end of Q4 2024, Coinbase held $9.3 billion in USD assets, an increase of $1.1 billion compared to the prior quarter. Looking ahead to Q1 2025, Coinbase expects trading revenue to reach approximately $750 million, with subscription and services revenue projected between $685 million and $765 million. The company will continue focusing on expanding its trading market share, advancing USDC development, and strengthening staking, custody, and other services.
