Coinbase: stock soars +8% after the quarterly RECORD

By Daniele Corno

Coinbase's COIN stock soars to +8% on the stock market after the quarterly from RECORD: Revenue up +130% in the best quarter since 2022

Quarterly from RECORD and COIN reaches $300 dollars

The largest US exchange, Coinbase, reports its best quarter since 2022 following the release of its quarterly results.

The COIN stock soars in the previous session by +8.44% to a high of $302 and recovers the values of December 31, 2024.

With the data released the previous day, all the main values are up:

Earnings per share of $4.68 dollars, against the expected value of $1.81.
Revenues of $2.27 billion against the expected value of $1.88 billion, up from $953.8 million in Q4 2023.
Net income of $1.3 billion compared to $273 million in Q4 2023.

In addition, cash receipts from transaction fees exceeded $1.56 billion, beating the expected estimate of $1.29 billion.

The greatest growth comes from trading volumes, up +185% compared to the previous year. Of these, with a value of $439 billion, retail trading saw a surge of +224% while institutional trading grew by +176%.

The strong growth in values is driven by two factors, as reported by Coinbase: “The two main factors behind these values were the launch of ETF Bitcoin products in Q1’24 and the election of a pro-crypto President and Congress in Q4’24 and the related expectations of regulatory clarity”.

Future prospects and support for the development of USDC

According to the company, revenues for 2025 are already at $750 million as of February 11.

As expected, 65% of revenues come from trading fees, while the remainder comes from revenue sources such as subscription services, staking and Coinbase Prime, with estimates ranging from $685 to $765 million.

In addition to the figures reported in the quarterly report, Coinbase is committed to the future growth of USDC, in view of the clear regulation on stablecoins in the USA.

The stated objective is to make USDC the number 1 stablecoin on the market, although at present it represents 26% of the value on the market, compared to Tether’s USDT which covers over 67% of the value, with over $141 billion USDT in circulation.

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