Coinbase reported fourth-quarter earnings that surpassed expectations, posting its highest quarterly revenue in three years amid a post-election crypto surge. Transaction revenue more than doubled, exceeding analyst expectations, and total trading volume rose over 180% year over year. The trading platform generated substantial trading revenue through early February, expecting it to comprise a mid-to-high percentage of net revenue for the quarter. Chief Financial Officer Alesia Haas said USDC is positioned for growth as Congress is expected to pass stablecoin legislation this year.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Coinbase reported fourth quarterly earnings that surpassed expectations,
00:05posting its highest quarterly revenue in three years amid a post-election crypto surge.
00:10Transaction revenue more than doubled, exceeding analyst expectations,
00:14and total trading volume rose over 180% year-over-year.
00:18The trading platform generated substantial trading revenue through early February,
00:22expecting it to compromise amid the high percentage of net revenue for the quarter.
00:27Chief Financial Officer Alessia Haas said the U.S.D.C. is positioned for growth
00:32as Congress is expected to pass stable coin legislation this year.
00:35For all things money, visit Benzinga.com slash GSTV.