Coinbase Reports $2.3B in Revenue, Eclipsing Analyst Expectations
America’s largest crypto exchange had a bumper fourth quarter as earnings surged along with crypto markets.Â
Coinbase is one of the veteran cryptocurrency exchanges. It was founded in June 2012 and since then allows its users to transact between FIAT and digital currencies. The company is based in San Francisco, USA.
Coinbase was established by Fred Ehrsam and Brian Armstrong, who’s also the current CEO. It has grown substantially since its launch, and it is currently the leading regulated US-based cryptocurrency exchange.
Apart from providing a platform for individuals, Coinbase also offers a solution for institutional investors. It’s called Coinbase Prime. The Prime platform offers more robust and complex trading tools, geared toward larger investors.
Besides, the company launched in 2018 a custody service, which provides its clients with an institutional-grade offline storage solution. It is also regulated by the New York Department of Financial Services (NYDFS) and operates as an independently capitalized entity.
It’s safe to say that Coinbase is working towards the establishment of an entire ecosystem where traders can purchase, store, and sell cryptocurrencies in a secure and regulated manner.
America’s largest crypto exchange had a bumper fourth quarter as earnings surged along with crypto markets.Â
Brian Armstrong and Tyler Winklevoss welcomed the CFPB’s operational pause, with Armstrong labeling the agency as an "activist organization."
Coinbase dominates the exchange sector, holding 63.6% of the market’s value while miners shift toward AI, Web3, and cloud computing.
Coinbase has reportedly suffered undisclosed security breaches according to ZachXBT who exposed the exchange's leadership's failure to manage evolving threats.
CME Group topped the rankings, trading $1.4 trillion in crypto futures in 2024, with BTC open interest surging 83% to
Armstrong suggests automating Coinbase’s token review with customer feedback and on-chain scans, citing overwhelming weekly token launches.
In its support of compliance efforts, Coinbase has signaled a readiness to adjust its offerings, including a possible USDT delisting.
Disgruntled Coinbase users have taken to social media to voice their anger over massive delays in Solana withdrawals from the
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