Coinbase revenue hit $2.3B in Q4 as Trump’s win boosted crypto trading 🚀
Coinbase, a major cryptocurrency exchange, announced a net income of $1.29 billion for the fourth quarter, significantly exceeding industry expectations. The company's net revenue reached $2.2 billion, fueled by a surge in crypto trading activities following Donald Trump's election victory. This strong financial performance underscores the growing influence of political events on the cryptocurrency markets.
The results highlight Coinbase's pivotal role in the crypto trading ecosystem and reflect the broader market dynamics that consistently impact trading volumes and revenues.
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