Coinbase closed the year 2024 on an excellent note, reporting Q4 revenue of $2.3 billion, an 88% quarterly surge. Trading revenue rose by $1.6 billion, an 172% spike, fueled by $439 billion trading volume.
The quarter’s revenue stood at $1.3 billion, consisting of $476 million worth of crypto asset portfolio unrealized gains. The per-share earnings stood at $4.68. In the full year, Coinbase had $6.6 billion revenue, $2.6 billion revenue, driven by an Adjusted EBITDA valued at $3.3 billion.
This growth reflects added momentum within the crypto sphere. Regulatory advancement in the United States has cleared the way for the building out of the industry, fostering added investor and developer confidence
Coinbase plans revenue growth and utility expansion in 2025
Coinbase emphasized plans for 2025, focusing on revenue growth, utility expansion, and scaling its platform. The company aims to increase trading market share, grow USDC adoption, and enhance subscription-based revenues through services like staking and custody.
The company’s Q4 operating expenses reached $1.2 billion, up 19% from the previous quarter. Technology, development, and marketing expenses totaled $957 million. Despite the rise in costs, Coinbase ended the year with $9.3 billion in USD resources, an increase of $1.1 billion.
Innovation remained a key driver for Coinbase’s growth. Its Base platform continued to attract developers, expanding the ecosystem and boosting user engagement. International growth and deeper institutional adoption further solidified its position in the cryptoeconomy.
Advances regulatory engagement and global licensing
On the regulatory front, Coinbase made progress in shaping policies and securing licenses globally. In the US, momentum is building for legislation around stablecoins and market structures. The company also achieved a favorable court ruling in its ongoing legal battle with the SEC.
Looking ahead, Coinbase projects Q1 2025 transaction revenue of $750 million as of mid-February. Subscription revenue is expected to range between $685 million and $765 million. The company anticipates growth in expenses due to increased trading volume and marketing efforts.
