Coinbase exchange’s Q4 report showed earnings 23% higher than predicted. Its CEO said the company is making a 10-year growth plan.
Coinbase’s (COIN) Q4 2024 earnings announcement greatly exceeded investor expectations. In Q4, the cryptocurrency company reported revenue of $2.3 billion, 23% more than anticipated.
Coinbase’s trade volume also reached $439 billion, an 185% increase from the previous year. The stock of COIN increased 8.4% during Thursday’s trading session. The cryptocurrency exchange’s three-month adjusted earnings of $1.3 billion exceeded the $906.9 million projection.
Furthermore, Coinbase’s $1.56 billion transaction revenue was a 194% increase from the previous year.
Brian Armstrong Reveals Coinbase’s Growth Plans
In his letter to shareholders, CEO Brian Armstrong said that crypto’s voice was loud and clear in the last US elections and that the period of regulation via enforcement that hurt the crypto sector in the US is on its way out.
The stock of Coinbase COIN increased by 20% in 2025. The company is prospering from its collaborations and the regulatory attention that cryptocurrency is receiving. The crypto platform was given regulatory clearance earlier this month to offer cryptocurrency services in the United Kingdom by the nation’s regulator, the Financial Conduct Authority (FCA).
The prospective Bitcoin reserve and digital asset stockpiling of the United States are also anticipated to be advantageous. Exchanges like Coinbase will continue to prosper as Bitcoin becomes an increasingly important component of US economic growth under the current administration.
Also read:Hence, Coinbase intends to improve its custody and staking software this year.
Coinbase CEO Forecasts Global GDP to be Dependent on Crypto By 2030
The company’s CEO has also predicted that by 2030, up to 10% of the world’s gross domestic product (GDP) will depend on crypto. Armstrong likened the current wave of businesses attempting to incorporate cryptocurrency to the early 2000s when all companies had to find out how to go online.
If Armstrong’s prediction comes true, more than $10 trillion worth of crypto will be tokenized or on-chain, with the world’s GDP currently at over $100 trillion. As the crypto exchange posted total revenue of $2.3 billion in the fourth quarter of 2024, up 88% from the previous quarter, Armstrong assured investors that Coinbase is going to be the partner of choice for many of the companies out there.
The Coinbase executive added that President Trump is working fast to keep his pledge of establishing the US as the crypto center of the world. According to him, the US accounts for about 30% of the global GDP.
Armstrong also claimed that the US now has the most pro-crypto Congress the industry has ever seen. It is spearheading the push for favorable laws related to stablecoins and other crypto market structures, which the rest of the world will eventually adopt.
Last week, Christopher Waller, the governor of the Federal Reserve, requested the establishment of stablecoin laws so that banks can issue digital assets backed by the dollar. Armstrong stated that the company’s focus this year will be growing its income with existing products.
He further said that it will focus on building the foundation that will drive the coming decade of growth, including new segments where it’s possible to scale cryptocurrency. With its revenue significantly exceeding analysts’ estimates, Coinbase reported its best quarterly earnings in more than a year.
Coinbase Plans to Re-enter the Indian Crypto Market
After ceasing business in India in 2023, US-based Coinbase is in discussion with Indian regulators about re-entering the country as a virtual asset service provider. Hence, it has partnered with India’s Financial Intelligence Unit (FIU) to investigate its potential return to the market.
A Coinbase representative said they have nothing to share regarding an FIU registration. But, they are excited by the potential in the Indian market and plan to comply fully with appropriate regulatory requirements. Coinbase’s chief legal officer joined the US-India Business Council (USIBC) board, which supports long-term business ties and links firms and the government.
The crypto company’s venture capital division had invested in CoinSwitch Kuber and CoinDCX, two of the country’s leading cryptocurrency exchanges.
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