Coinbase’s revenues increase by more than 130 %, driven by post -election encryption

Coinbase On Thursday I mentioned the best than expected Fourth quarter results And its largest quarterly revenue in three years, strengthened by the post -elections gathering that prompted encryption prices to the highest new level after a new rise at the end of last year.

The stock increased 2 % in extended trading.

Here is what the company informed in the fourth quarter compared to what Wall Street expected, according to the survey of analysts by LSEG:

• Arrow profits: $ 4.68 for $ 1.81 expected
• profit: $ 2.27 billion for $ 1.88 billion expected

Coinbase, who runs the largest American market to buy and sell encrypted currencies, has reported a net income of $ 1.3 billion, or $ 4.68 per share, compared to $ 273 million, or $ 1.04 per share, in the same period last year.

It also recorded revenues of $ 2.3 billion, compared to 953.8 million dollars in the same last period. Transaction revenues have multiplied more than last year to $ 1.56 billion, and overcame the estimates of analysts of $ 1.29 billion, according to the street street.

The total trading volume reached 439 billion dollars, an increase of 185 % on an annual basis. Consumer trading volume increased by 224 % over the same period last year, while institutional trading volume increased by 176 %.

The company said in its shareholding message: “The majority of Y/Y growth in the trading volume was driven at higher levels of fluctuations in encryption assets – especially in the first quarter and Q4 – in addition to the high prices of encryption assets.” “It was among the two main factors who created these strongest total economic factors launching Bitcoin ETF products in the second quarter of the year 24, and the election of a supporter of the Confvo and Congress in the fourth quarter of the second quarter of the year 24 and the expectations related to organizational clarity-both of them resulted in the activity of encryption trading The high, “the company also said.

Expectations in the first quarter

Coinbase stated that it had achieved $ 750 million from trading revenues until February 11. It is expected that the intermediate teenage revenues will be high as a percentage of net revenue for the current quarter.

Coinbase said she is making efforts to diversify her revenue flows away from trading. As of the fourth quarter, trading constitute 68.5 % of its total revenue, most of which come from retail traders.

It is expected that it will range between 685 million dollars and $ 765 million for the current quarter, revenues from subscription and services, which include stablecoins, deception, custody and its Coinbase One, between 685 million dollars and $ 765 million for the current quarter.

Financial Director Alicia Haas told CNBC that USDC Stablecoin, issued by Circle and has a revenue sharing agreement with Coinbase, is preparing to grow in the world of post -Stablecoin legislation.

“We can drive the benefit in this as we can lead more trading pairs on our own platforms designed in USDC, which pays liquidity, and more liquidity that you have in any assets, which pays more adoption,” she said.

Coinbase also expects USDC to increase a quarter of a quarter of sales and marketing expenses in the first quarter.