Coinbase在美国总统唐纳德·特朗普（Donald Trump）当选后，随着加密价格和贸易涨幅的一年中最强的季度收益

Coinbase 2月13日的财务业绩表明，该公司的总收入为23亿美元，季度增长了88％，净收入为13亿美元

Cryptocurrency exchange Coinbase (NASDAQ:COIN) posted its highest earnings in over a year for Q4, as crypto prices and trading surged following the election of US President Donald Trump.

加密货币交易所Coinbase（NASDAQ：COIN）在美国总统唐纳德·特朗普（Donald Trump）当选后，一年中发布了一年多以上的收入，因为加密货币价格和交易飙升。

Coinbase’s Feb. 13 financial results showed the firm hitting total revenue of $2.3 billion, up 88% quarter-on-quarter, while net income was $1.3 billion, both far exceeding analyst expectations.

Coinbase 2月13日的财务业绩表明，公司的总收入为23亿美元，高88％的四分之一，而净收入为13亿美元，都远远超出了分析师的预期。

Trading volume reached $439 billion in the fourth quarter, beating estimates of $404 billion.

交易量在第四季度达到4390亿美元，估计为4040亿美元。

Consumer transaction revenue increased over 178% quarter-on-quarter to $1.35 billion, while institutional revenue increased 155% over the same timeframe to $141.3 million in Q4 — a quarter highlighted by Trump’s election win and rising market prices.

消费者交易的收入超过178％的四分之一季度，达到13.5亿美元，而在同一时间范围内，机构收入增加了155％，达到第4季度的1.413亿美元，这是特朗普的选举赢得和上涨的市场价格的四分之一。

“The majority of the Y/Y growth in Trading Volume was driven by higher levels of Crypto Asset Volatility — particularly in Q1 and Q4 — as well as higher average crypto asset prices,” said the firm in a shareholder letter.

该公司在股东信中说：“交易量的大部分增长是由更高水平的加密资产波动（尤其是在第一季度和第四季度）以及较高的平均加密资产价格驱动的。”

Coinbase also recorded $225.9 million and $214.9 million in stablecoin revenue and blockchain rewards revenue — the latter of which marked a 38.8% quarter-on-quarter increase.

Coinbase还记录了2.259亿美元和2.149亿美元的Stablecoin收入和区块链奖励收入，后者的季度增加了38.8％。

Coinbase shares increased 8.44% to $298.1 during the Feb. 13 trading day but saw some volatility during after-hours trading. It is currently down 0.88% after hours to $295.01, Google Finance data shows.

在2月13日的交易日，Coinbase股票增长了8.44％，至298.1美元，但在下班后交易期间有些波动。 Google Finance数据显示，目前，它目前下跌0.88％，至295.01美元。

Coinbase’s earnings come a day after online brokerage firm Robinhood (NASDAQ:HOOD) posted a banner quarter in Q4, which saw shares rise as it beat consensus estimates and cryptocurrency revenue jumped 700% year-on-year.

在线经纪公司Robinhood（NASDAQ：HOOD）的第二天，Coinbase的收益发布了第4季度的横幅季度，该股票越来越多，股票胜过共识估计和加密货币收入同比增长700％。

Coinbase revenue set to jump over 100% YoY – Coin Metrics

COINBASE收入将增加100％的年龄 - 硬币指标

Crypto research firm Coin Metrics forecasted Coinbase’s revenue to jump over 100% year-over-year, driven by a rise in trading volumes in Q4 2024.

加密研究公司的硬币指标预测Coinbase的收入将增加100％以上，这是由于第4季度2024年第四季度的交易量增加。

The increased trading activity has been “fueled by renewed market optimism post-U.S. election,” Coin Metrics said. US President Donald Trump has promised to make America “the world’s crypto capital” and has nominated pro-industry leaders to head key agencies.

Coin Metrics说，交易活动的增加是“由新的OP选举后的新市场乐观的推动”。美国总统唐纳德·特朗普（Donald Trump）已承诺将美国成为“世界加密资本”，并已提名为主要机构的亲业领导人。

The trading volume largely comes from institutions as Coinbase continues to grapple with a drought in retail investor activity, crypto researcher Kaiko said on Feb. 10.

加密研究员Kaiko在2月10日表示，交易量很大程度上来自机构，因为Coinbase继续应对零售投资者活动的干旱。

“[R]etail traders — the highest fee payers — have not returned in force, with their share of volume shrinking to just 18%, down from 40% in 2021,” Kaiko said.

凯科说：“埃及交易者（最高的费用付款人）尚未有效返回，其数量份额缩小到仅18％，低于2021年的40％。”

In 2024, Coinbase significantly increased revenues from subscriptions and services, but the exchange “remains a trading platform at its core, with trading still accounting for […] more than 50% of revenue,” according to Kaiko.

根据Kaiko的说法，在2024年，Coinbase大大增加了订阅和服务的收入，但该交易所“仍然是其核心的交易平台，交易仍然占收入的50％以上。”

Meanwhile, analysts anticipated seeing growth in Coinbase’s emerging subscriptions and services businesses.

同时，分析师预计，Coinbase的新兴订阅和服务业务会看到增长。

In Q4, the supply of the US dollar-pegged stablecoin USDC increased. But Coinbase’s Ethereum staking platform — another lucrative services business — has struggled to grapple with a general decline in ETH stakers, clocking a net outflow of nearly 1.3 million ETH in Q4, Kaiko said.

在第四季度，美元固定的Stablecoin USDC的供应增加了。 Kaiko说，但是Coinbase的以太坊Staking Platform（另一个有利可图的服务业务）一直在努力应对ETH Stakers的总体下降，在第四季度的网络流出近130万ETH。

In the long term, a friendly US regulatory environment under Trump stands to benefit Ethereum’s staking business, researchers said.

研究人员说，从长远来看，特朗普领导下的友好美国监管环境将使以太坊的积分业务受益。

“We see Coinbase as a beneficiary of the election results as the firm has been struggling with regulatory pressure from the SEC,” Michale Miller, an equities researcher at Morningstar, said in a November research note.

“我们认为Coinbase是选举结果的受益者，因为该公司一直在SEC的监管压力上挣扎。”

Coinbase is also intent on expanding internationally. The US-based cryptocurrency exchange is in discussions with Indian regulators as it considers a return to the market after halting operations there in 2023.

Coinbase还打算在国际上扩展。总部位于美国的加密货币交易所正在与印度监管机构进行讨论，因为它认为2023年停止运营后返回市场。