Coinbase Q4 Revenue Soars Over 140% as Post-Election Crypto Rally Propels Prices

Description

Coinbase exceeded profit forecasts for Q4 on Thursday as heightened trading in Bitcoin and other digital tokens followed the US election. The operator of the largest US crypto trading platform reported a net income of $1.3b or $4.68 per share—up significantly from the $273m, or $1.04 per share, recorded in the same quarter last year. Donald Trump has pledged to turn the US into the “crypto capital of the planet .” In pursuit of this vision, he has filled key government roles with digital currenc...