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Coinbase Q4 revenue surges 88% as Trump's election boosts crypto prices

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Coinbase posted its strongest quarter of earnings in over a year in Q4, as crypto prices and trading surged after the election of US President Donald Trump. Coinbase's Feb. 13 financial results show the firm hit total revenue of $2.
Coinbase Global Inc. reported an 88% surge in fourth-quarter revenue, reaching $953.8 million, significantly driven by a boost in cryptocurrency prices following former President Donald Trump's election. The company's adjusted earnings per share were $1.04, surpassing the expected 88 cents per share by analysts. This financial upturn was largely attributed to increased trading volumes and higher transaction fees, as well as a general market optimism around cryptocurrencies. The positive market sentiment was further fueled by Trump's pro-crypto stance, which has historically been seen as supportive of digital assets. Additionally, Coinbase's shares rose by 1.5% in extended trading after the earnings release, reflecting investor confidence in the company's performance and future prospects in the volatile crypto market.

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