Odaily News Coinbase, a US cryptocurrency exchange, announced its fourth quarter and full-year financial report for 2024. Q4 revenue reached $2.3 billion, far exceeding the market expectation of $1.87 billion, an increase of 88% from the previous quarter. Among them, trading revenue was $1.6 billion, a month-on-month increase of 172%, and quarterly trading volume reached $439 billion. Full-year revenue was $6.6 billion, net profit was $2.6 billion, and adjusted EBITDA reached $3.3 billion.

The company said in its annual shareholder letter that the U.S. regulatory environment is improving, the government's crackdown on the cryptocurrency industry is ending, and future policies are expected to be more friendly. Coinbase recently sent letters to the Federal Reserve, FDIC and OCC, urging them to clarify crypto banking rules and end the "de-banking" of the industry.