PANews reported on February 14 that according to The Block, the US cryptocurrency exchange Coinbase announced its fourth quarter and full-year financial report for 2024, exceeding market expectations, with a significant increase in revenue and profits. The company's fourth-quarter revenue reached US$2.3 billion, doubling year-on-year, $430 million higher than market expectations, and quarterly net profit was US$579 million. Trading revenue increased by 172% year-on-year to US$1.6 billion. Full-year revenue reached US$6.6 billion, an increase of 111% year-on-year from US$3.1 billion in 2023, net profit reached US$2.6 billion, and adjusted EBITDA was US$3.3 billion. Q4 total revenue was US$2.3 billion, trading revenue was US$1.6 billion, and quarterly net profit was US$1.3 billion.

Coinbase currently holds $9.3 billion in USD resources, up from $8.2 billion in the previous quarter. In addition, stablecoin revenue was $226 million, slightly lower than $247 million in the previous quarter. Coinbase shares rose in after-hours trading, up 16% so far in 2025 and 112% in the past year, with a market value of more than $73 billion.

The company said in its annual shareholder letter that the U.S. regulatory environment is improving, the government's crackdown on the cryptocurrency industry is ending, and future policies are expected to be more friendly. Coinbase recently sent letters to the Federal Reserve, FDIC, and OCC, urging clarification of crypto banking rules and an end to the "de-banking" of the industry. Since Q1 2025, Coinbase's transaction revenue has reached $750 million, and subscription and service revenue is expected to be between $685 million and $765 million.