Coinbase Q4 revenue projected to double year-over-year

Crypto exchange Coinbase is expected to report $2 billion in Q4 2024 revenue, reflecting a 109% year-over-year and 65% quarter-over-quarter increase, according to a report by Coin Metrics, cited by Cointelegraph. The surge is attributed to $430 billion in Q4 trading volumes, the highest since 2021, driven by renewed market optimism following the U.S. elections. Coinbase's stock (COIN) has risen 40% since President Trump’s election victory in November, which boosted crypto trading activity. Additional revenue growth comes from increased USD Coin (USDC) supply and staking services for cryptocurrencies like Ether and Solana. Coinbase will release its Q4 earnings report on Feb. 13.