Coinbase reported fourth-quarter earnings that surpassed expectations, posting its highest quarterly revenue in three years amid a post-election crypto surge. Transaction revenue more than doubled, exceeding analyst expectations, and total trading volume rose over 180% year over year. The trading platform generated substantial trading revenue through early February, expecting it to comprise a mid-to-high percentage of net revenue for the quarter. Chief Financial Officer Alesia Haas said USDC is positioned for growth as Congress is expected to pass stablecoin legislation this year.
