Coinbase reports strong fourth-quarter profit on crypto rally

Reuters

2025/02/14

Feb 13 (Reuters) - Crypto exchange Coinbase COIN.O reported a jump in fourth quarter profit on Thursday, driven by higher trading volumes in bitcoin BTC= and other tokens following the U.S. election.

The company earned $1.29 billion, or $4.68 per share, for the three months ended December 31, compared with $275.7 million, or $1.04 per share, a year earlier.

(Reporting by Jaiveer Singh Shekhawat and Niket Nishant in Bengaluru; Editing by Anil D'Silva)

((Niket.Nishant@thomsonreuters.com;))

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