$2.3 Billion Revenue and Global Growth
Coinbase reported nearly $2.3 billion in revenue in its fourth quarter shareholder letter. The company has set itself ambitious goals to drive revenue and utilities, and its share price has risen.
Coinbase also noted that the Trump administration has unlocked “unprecedented” opportunities and claimed that the company will actively work to shape U.S. cryptocurrency regulations.
Coinbase reports significant financial success
Coinbase, One of the world’s leading crypto exchangesI feel optimistic now. It is Enter Argentina and Rebuilding relations in Indiaopen up new markets.
recent, Two meme coins jumped After the list, Eliminate rumors that its list loses relevance. Today, I’ll get a lot of reveal Its fourth quarter 2024 shareholder letter, it sets ambitious goals:
“This is the dawn of a new era for cryptocurrencies. It means it’s time to double down on what we’ve been focusing on: Build. Our goal in 2025 is to drive revenue, drive utilities, and expand our foundation. We think, now The opportunity ahead of us is unprecedented and we have the ability to satisfy this moment.”
Coinbase has good reason to target. In the fourth quarter letter, the exchange had $2.3 billion in revenue. Generally speaking, centralized communication There is a very profitable quarterbut Coinbase still stands out.
Net income was $1.3 billion, with total revenues over $6.6 billion for the full year. After the release of these figures, Coinbase’s share price was as high as 10%.
However, Coinbase’s shareholder letter not only cites bullish market factors. It also pays special attention to political considerations.
Brian Armstrong, Founder and CEO of the companyhas been taking Positive efforts to engage with President Trump. He even Show his wishes Comply with possible new crypto legislation. This has paid the dividend.
Communication is already The War with the FDIC Beyond the operation Choke Point 2.0 and its fate have changed dramatically. Since Trump Send his Crypto Tsar to investigate possible foul matchesthe federal government attaches great importance to the charges.
Last week, Coinbase’s CLO testifies before Congressit would be far-fetched a few months ago.
Of course, Coinbase’s shareholder letter doesn’t understand the relationship very deeply. It just praised Trump in the first few sentences.
The report mainly covers the basics of the company: revenue, expenses, future projects, etc. However, it has focused specifically on U.S. regulations, claiming that Coinbase will actively work to shape it. As of now, this goal seems to be very fulfilling.
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