Coinbase Trading Volume Surges to $1.2T

Coinbase Trading Volume Hits $1.2 Trillion in 2024

• Coinbase’s trading volume reached $1.2 trillion in 2024, a 148% increase from the previous year.
• The company’s revenue doubled to $6.6 billion, with $4 billion from transaction fees and $2.3 billion from subscription services.
• Transaction revenues surged by 162%, while subscription revenues grew by 64%.
• The election of pro-crypto President Donald Trump and regulatory clarity contributed to market growth.
• In Q4, retail client trades were $94 billion, and institutional trades reached $345 billion.

Coinbase experienced significant growth in 2024, with trading volumes hitting $1.2 trillion and revenue doubling to $6.6 billion, driven by increased transaction fees and subscriptions.