Coinbase 2024 年第一季飆升，超出全年營收預測

2024 年第一季度，Coinbase 經歷了復甦，營收為 16 億美元，淨利潤為 12 億美元，調整後 EBITDA 為 10 億美元。這一激增的推動因素包括有利的市場條件、比特幣 ETF 的推出以及 Coinbase Prime 平台上機構活動的增加，該平台的交易量較上一季度增長了 105%。

Coinbase Soars in Q1 2024, Surpassing Yearly Revenue Projections

Coinbase 2024 年第一季飆升，超出年度營收預測

In a testament to the burgeoning crypto market, Coinbase has reported exceptional financial results for the first quarter of 2024, exceeding its projections for the entire year. The cryptocurrency exchange attributed its remarkable performance to favorable market conditions and the launch of Bitcoin exchange-traded funds (ETFs).

Coinbase 報告了 2024 年第一季出色的財務業績，超越了全年預測，證明了加密貨幣市場的蓬勃發展。該加密貨幣交易所將其出色的業績歸功於有利的市場條件和比特幣交易所交易基金（ETF）的推出。

Surge in Revenue and Profits

營收和利潤激增

Coinbase's first-quarter earnings showcased a robust increase in revenue and profitability. Total revenue surged to $1.6 billion, representing a significant growth from the $1.13 billion reported in the fourth quarter of 2023. This impressive performance was propelled by a combination of factors, including a rise in trading volumes and the realization of substantial gains on crypto assets.

Coinbase 第一季財報顯示營收和獲利能力強勁成長。總收入飆升至 16 億美元，較 2023 年第四季的 11.3 億美元大幅成長。

The company's net income also soared, hitting $1.2 billion in Q1 2024. This remarkable figure was bolstered by $737 million in realized gains on Bitcoin and other crypto assets, underscoring Coinbase's astute asset management strategies.

該公司的淨利潤也大幅增長，在 2024 年第一季達到 12 億美元。

Adjusted EBITDA

調整後息稅折舊攤提前利潤

Coinbase's adjusted EBITDA, a key measure of profitability that excludes certain non-cash expenses, reached $1 billion in the first quarter, surpassing the $977.5 million reported for the entirety of 2023. This substantial growth reflects the company's operational efficiency and its ability to generate sustainable profits even during market fluctuations.

Coinbase 的調整後EBITDA（不包括某些非現金費用的獲利能力關鍵指標）在第一季度達到10 億美元，超過了2023 年全年報告的9.775 億美元。效率及其可持續創造收入的能力。

Strong Customer Engagement

強大的客戶參與度

Coinbase witnessed a surge in customer engagement across its platform. Consumer transactions contributed $935 million to total revenue, marking a 99% increase from Q1 2023. Institutional transactions also surged, with revenue growth of 133% driven by Coinbase Prime, the company's platform for high-volume traders.

Coinbase 見證了其平台上客戶參與度的激增。消費者交易為總收入貢獻了9.35 億美元，較2023 年第一季增長了99%。 。

The trading volume on Coinbase Prime reached an all-time high of $256 billion in Q1 2024, significantly outpacing the US spot market. This remarkable achievement underscores the popularity of Bitcoin ETFs and their positive impact on institutional client engagement.

Coinbase Prime 的交易量在 2024 年第一季達到 2,560 億美元的歷史新高，大幅超過美國現貨市場。這項非凡成就凸顯了比特幣 ETF 的受歡迎程度及其對機構客戶參與度的正面影響。

Institutional Adoption

機構採用

The launch of Bitcoin ETFs has proven to be a catalyst for institutional adoption of cryptocurrency. Coinbase's institutional platform has experienced record growth in trading volume and client numbers. Nearly 40% of institutional clients engaged with at least three Bitcoin ETFs during the quarter, highlighting the increasing demand for these investment vehicles.

比特幣 ETF 的推出已被證明是機構採用加密貨幣的催化劑。 Coinbase 的機構平台在交易量和客戶數量方面經歷了創紀錄的成長。本季度，近 40% 的機構客戶至少參與了三隻比特幣 ETF，凸顯了對這些投資工具的需求不斷增長。

Concierge Service Growth

禮賓服務成長

Coinbase's concierge service, which offers tailored support for high-value clients, witnessed a 64% surge in revenue. This growth was primarily driven by rising crypto asset prices and the revenue generated from Bitcoin ETFs. With Coinbase holding custody of eight of the 11 new Bitcoin ETFs, the company is well-positioned to capitalize on the growing institutional demand for these products.

Coinbase 的禮賓服務為高價值客戶提供量身訂製的支持，收入成長了 64%。這一增長主要是由加密資產價格上漲和比特幣 ETF 產生的收入推動的。 Coinbase 託管了 11 只新比特幣 ETF 中的 8 只，該公司處於有利地位，可以充分利用機構對這些產品不斷增長的需求。

Asset Base Expansion

資產基礎擴張

Coinbase closed the quarter with an approximate $7.1 billion asset base, including $1.1 billion in net cash mobilized through convertible note conversions. The expansion of its asset base provides the company with financial flexibility and strengthens its position as a leading cryptocurrency exchange.

Coinbase 本季末的資產基礎約為 71 億美元，其中包括透過可轉換票據轉換籌集的 11 億美元淨現金。資產基礎的擴大為公司提供了財務靈活性，並鞏固了其作為領先加密貨幣交易所的地位。

Outlook for the Future

未來展望

Coinbase's exceptional Q1 2024 performance sets a strong foundation for the company's future growth. The favorable market conditions, the increasing adoption of Bitcoin ETFs, and the company's innovative product offerings position Coinbase for continued success in the rapidly evolving cryptocurrency landscape.

Coinbase 2024 年第一季的出色業績為公司未來的成長奠定了堅實的基礎。有利的市場條件、比特幣 ETF 的日益普及以及公司的創新產品使 Coinbase 在快速發展的加密貨幣領域持續取得成功。