Oh, the joys of financial success! Coinbase’s 2024 revenue reached an astounding $6.6 billion, with a net income of $2.6 billion. Such a spectacle of profitability!
Coinbase, the beloved crypto company, has generated a fortune worthy of midas himself. With a total revenue of $6.6 billion, who needs a pot of gold when you have pockets full of digital gold coins?
The company’s net income reached $2.6 billion, leaving all other billionaires green with envy. Such strong profitability is enough to make even the most hardened crypto skeptic consider investing in digital currencies.
Coinbase’s financial stability is as solid as a rock, with $3.3 billion in Adjusted EBITDA for the second consecutive year. And let’s not forget the $2.3 billion in subscription service revenues, which is enough to make any crypto enthusiast’s heart skip a beat.
The fourth quarter of 2024 was particularly impressive, with total revenue reaching $2.3 billion and a net income of $1.3 billion. The company’s Adjusted EBITDA reached an all-time high of $1.3 billion, leaving all other companies in the dust.
Coinbase’s institutional progress in 2024 was nothing short of remarkable. Total assets under custody surpassed $220 billion, and institutional trading volume expanded by 128% in a single quarter. ETFs proved to be the belle of the ball, driving assets under custody from ETFs to reach $93.2 billion.
USDC Market Cap Grows 79% in 2024, Strengthening Coinbase’s Grip on the Crypto World
The Base platform operated by Coinbase demonstrated significant expansion in 2024. Bitcoin-backed loans introduced through the platform resulted in a 89% quarter-over-quarter increase of assets that exceeded $14 billion. Such growth is enough to make any crypto investor’s head spin with delight.
The stablecoin USDC achieved its breakthrough performance during the entire year of 2024. The market capitalization of the company expanded by 79%, making it the talk of the town in the crypto world.
The international expansion of Coinbase achieved crypto expansion through its implementation of 92 new trading assets. The international exchange of Coinbase experienced remarkable customer balance growth, which increased by two times. Such expansion is enough to make any company green with envy.
During the election, Coinbase succeeded in securing support from 2.1 million crypto supporters and many pro-crypto candidates received more than 80% of the votes. Crypto advocates held the majority in the House of Representatives, making it a historic year for crypto enthusiasts.
And so, dear reader, we leave you with this thought: Coinbase’s success in 2024 is a testament to the power of crypto and the limitless potential of digital currencies. So, hop on the crypto bandwagon before it’s too late!
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2025-02-14 10:25