Coinbase 憑藉出色的第四季業績大放異彩：加密貨幣價格上漲，交易量飆升

美國最大的加密貨幣交易所 Coinbase 公佈了令人印象深刻的 2023 年第四季財務業績，交易收入和交易量顯著增加。該公司還自 2021 年 4 月 IPO 以來首次實現淨利潤。

Coinbase Reports Stellar Q4 2023 Results, Driven by Rising Crypto Prices and Trading Volume

在加密貨幣價格和交易量上漲的推動下，Coinbase 公佈了 2023 年第四季的出色業績

On February 15, 2024, Coinbase, the preeminent cryptocurrency exchange in the United States, unveiled impressive financial results for the fourth quarter of 2023, exhibiting significant growth in trading revenue and volume. Notably, the company secured its first net profit since its initial public offering (IPO) in April 2021, signaling a positive trajectory for the cryptocurrency industry.

2024 年 2 月 15 日，美國領先的加密貨幣交易所 Coinbase 公佈了 2023 年第四季令人印象深刻的財務業績，交易收入和交易量均顯著增長。值得注意的是，該公司實現了自 2021 年 4 月首次公開募股 (IPO) 以來的首次淨利潤，標誌著加密貨幣行業的積極發展軌跡。

Financial Highlights

財經摘要

Coinbase's fourth-quarter 2023 financial performance exceeded analyst expectations, with revenues amounting to $629 million, a 16% increase compared to the preceding quarter. This surpassed the projected revenue estimate of $590 million.

Coinbase 2023 年第四季財務業績超出分析師預期，營收達 6.29 億美元，較上一季成長 16%。這超出了 5.9 億美元的預計收入。

The company's revenue stream is primarily driven by transaction fees levied on retail and institutional users who engage in cryptocurrency trading on its platform. Notably, Coinbase's trading volume surged to $145 billion in Q4 2023, a remarkable 90% increase from the previous quarter. This upswing aligns with the general rise in cryptocurrency prices and trading activity witnessed within the global market.

該公司的收入來源主要來自向在其平台上從事加密貨幣交易的零售和機構用戶徵收的交易費。值得注意的是，Coinbase 的交易量在 2023 年第四季飆升至 1,450 億美元，比上一季成長了 90%。這種上漲與全球市場上加密貨幣價格和交易活動的普遍上漲一致。

In addition to robust revenue growth, Coinbase reported a net profit of $840 million or $2.46 per share under generally accepted accounting principles (GAAP) for the fourth quarter of 2023. This represents a significant milestone for the company, which had previously incurred losses since its IPO. By contrast, Coinbase experienced a net loss of $405 million, or $1.19 per share, in Q3 2023.

除了強勁的收入成長外，Coinbase 還報告稱，2023 年第四季淨利潤為8.4 億美元，即根據公認會計原則(GAAP) 計算的每股2.46 美元。 ，此前該公司自成立以來一直蒙受虧損。相比之下，Coinbase 在 2023 年第三季淨虧損 4.05 億美元，即每股 1.19 美元。

Coinbase's net profit surpassed analyst projections, which anticipated an average loss per share of $2.55. The company's improved profitability reflects its operational efficiency and cost management strategy, resulting in a 9% reduction in operating expenses compared to the previous quarter.

Coinbase 的淨利潤超出了分析師的預測，分析師預計每股平均虧損為 2.55 美元。該公司獲利能力的提高反映了其營運效率和成本管理策略，導致營運費用較上一季減少了9%。

Factors Contributing to Coinbase's Success

Coinbase 成功的因素

The fourth-quarter performance of Coinbase was largely influenced by the positive price action and renewed interest in cryptocurrencies, particularly Bitcoin, the most prominent and widely held digital asset. Bitcoin achieved an all-time high of over $50,000 in January 2024, following the approval of the first spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) on January 10.

Coinbase 第四季的業績在很大程度上受到積極的價格走勢和人們對加密貨幣（尤其是最著名和廣泛持有的數位資產比特幣）重新興趣的影響。繼 1 月 10 日美國證券交易委員會 (SEC) 批准第一個現貨比特幣交易所交易基金 (ETF) 後，比特幣在 2024 年 1 月創下了超過 50,000 美元的歷史新高。

Spot Bitcoin ETFs are financial instruments that provide investors with a means to buy and sell Bitcoin on the stock exchange without requiring them to own or store the asset directly. This development is viewed as a significant milestone for the cryptocurrency industry, offering retail and institutional investors easier, safer, and more conventional access to Bitcoin. It also enhances the credibility and widespread adoption of cryptocurrencies.

現貨比特幣 ETF 是一種金融工具，為投資者提供了在證券交易所買賣比特幣的方式，而無需他們直接擁有或儲存該資產。這項發展被視為加密貨幣產業的重要里程碑，為散戶和機構投資者提供了更容易、更安全、更傳統的方式來取得比特幣。它還提高了加密貨幣的可信度和廣泛採用。

Alongside the Bitcoin price surge, other crypto assets known as altcoins, which often possess distinct characteristics and functionalities, also experienced positive momentum. Some altcoins, such as Ethereum, Cardano, Solana, and Polkadot, gained popularity among Coinbase users. Notably, altcoins tend to exhibit higher volatility than Bitcoin, potentially offering higher returns but also carrying greater risk.

除了比特幣價格飆升之外，通常具有獨特特徵和功能的其他加密資產（稱為山寨幣）也經歷了積極的勢頭。一些山寨幣，例如以太坊、卡爾達諾、Solana 和 Polkadot，在 Coinbase 用戶中受到歡迎。值得注意的是，山寨幣往往比比特幣表現出更高的波動性，可能提供更高的回報，但也帶來更大的風險。

Conclusion

結論

Coinbase's strong financial results in the fourth quarter of 2023 underscore the growing acceptance and utilization of cryptocurrencies. The positive price action and increased trading volume indicate a renewed appetite for digital assets among investors. Moreover, the advent of spot Bitcoin ETFs has made Bitcoin more accessible and less complex to trade, further boosting its appeal and mainstream adoption.

Coinbase 2023 年第四季強勁的財務業績凸顯了加密貨幣的接受度和使用率不斷提高。積極的價格走勢和交易量的增加表明投資者對數位資產的興趣重新燃起。此外，現貨比特幣 ETF 的出現使比特幣更容易交易，交易也更簡單，進一步提高了其吸引力和主流採用率。

As the cryptocurrency market continues to evolve, Coinbase remains well-positioned to capitalize on the growth opportunities presented by this burgeoning industry. The company's commitment to compliance, operational efficiency, and innovation should enable it to maintain its leading position in the cryptocurrency exchange landscape.

隨著加密貨幣市場的不斷發展，Coinbase 仍然處於有利地位，可以利用這個新興產業帶來的成長機會。該公司對合規性、營運效率和創新的承諾應使其能夠保持在加密貨幣交易領域的領先地位。