Coinbase 凭借出色的第四季度业绩大放异彩：加密货币价格上涨，交易量飙升

美国最大的加密货币交易所 Coinbase 公布了令人印象深刻的 2023 年第四季度财务业绩，交易收入和交易量显着增加。该公司还自 2021 年 4 月 IPO 以来首次实现净利润。加密货币（尤其是比特币）的价格和兴趣的上涨是 Coinbase 业绩背后的主要因素。

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

在加密货币价格和交易量上涨的推动下，Coinbase 公布了 2023 年第四季度的出色业绩

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，美国领先的加密货币交易所 Coinbase 公布了 2023 年第四季度令人印象深刻的财务业绩，交易收入和交易量均显着增长。值得注意的是，该公司实现了自 2021 年 4 月首次公开募股 (IPO) 以来的首次净利润，标志着加密货币行业的积极发展轨迹。

Financial Highlights

财经摘要

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 年第四季度财务业绩超出分析师预期，营收达 6.29 亿美元，较上一季度增长 16%。这超出了 5.9 亿美元的预计收入。

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.

该公司的收入来源主要来自向在其平台上从事加密货币交易的零售和机构用户征收的交易费。值得注意的是，Coinbase 的交易量在 2023 年第四季度飙升至 1450 亿美元，比上一季度增长了 90%。这种上涨与全球市场上加密货币价格和交易活动的普遍上涨相一致。

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.

除了强劲的收入增长外，Coinbase 还报告称，2023 年第四季度净利润为 8.4 亿美元，即根据公认会计原则 (GAAP) 计算的每股 2.46 美元。这对该公司来说是一个重要的里程碑，此前该公司自成立以来一直蒙受亏损。首次公开募股。相比之下，Coinbase 在 2023 年第三季度净亏损 4.05 亿美元，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 的净利润超出了分析师的预测，分析师预计每股平均亏损为 2.55 美元。该公司盈利能力的提高反映了其运营效率和成本管理策略，导致运营费用较上一季度减少了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 第四季度的业绩在很大程度上受到积极的价格走势和人们对加密货币（尤其是最著名和广泛持有的数字资产比特币）重新兴趣的影响。继 1 月 10 日美国证券交易委员会 (SEC) 批准第一个现货比特币交易所交易基金 (ETF) 后，比特币在 2024 年 1 月创下了超过 50,000 美元的历史新高。

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.

现货比特币 ETF 是一种金融工具，为投资者提供了在证券交易所买卖比特币的方式，而无需他们直接拥有或存储该资产。这一发展被视为加密货币行业的一个重要里程碑，为散户和机构投资者提供了更容易、更安全、更传统的方式获取比特币。它还提高了加密货币的可信度和广泛采用。

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.

除了比特币价格飙升之外，通常具有独特特征和功能的其他加密资产（称为山寨币）也经历了积极的势头。一些山寨币，例如以太坊、卡尔达诺、Solana 和 Polkadot，在 Coinbase 用户中受到欢迎。值得注意的是，山寨币往往比比特币表现出更高的波动性，可能提供更高的回报，但也带来更大的风险。

Conclusion

结论

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 年第四季度强劲的财务业绩凸显了加密货币的接受度和使用率不断提高。积极的价格走势和交易量的增加表明投资者对数字资产的兴趣重新燃起。此外，现货比特币 ETF 的出现使比特币更容易交易，交易也更简单，进一步提高了其吸引力和主流采用率。

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.

随着加密货币市场的不断发展，Coinbase 仍然处于有利地位，可以利用这个新兴行业带来的增长机会。该公司对合规性、运营效率和创新的承诺应使其能够保持在加密货币交易领域的领先地位。