Coin

<ul class="news-points"> 
 <li>Coinbase reported $529 million in transaction revenue for Q4 2023, an 83% increase from the previous quarter.</li> 
 <li>The surge was reportedly primarily driven by higher levels of volatility and crypto asset prices.</li> 
 <li>Coinbase subscription and services revenue also grew 12% Q/Q to $375 million in the same period.</li> 
</ul> 
<a href="https://coinedition.com/coinbase-exchange-review/" target="_blank" rel="noreferrer noopener">U.S.-based crypto exchange Coinbase</a> has reported transaction revenue of $529 million for the fourth quarter of 2023, reflecting an 83% increase from the previous quarter. In a <a href="https://s27.q4cdn.com/397450999/files/doc_financials/2023/q4/Shareholder-Letter-Q4-2023.pdf" target="_blank" rel="nofollow">letter</a> to shareholders, the exchange noted a surge in transaction revenue, primarily driven by higher levels of volatility and crypto asset prices. 
The letter noted that Coinbase subscription and services revenue grew 12% quarter over quarter (Q/Q) to $375 million. Meanwhile, the exchange’s yearly figures reflect $3.1 billion in revenue for 2023, down 3% year over year (Y/Y), and subscription and services revenue grew 78% Y/Y to $1.4 billion during the same period. 
Notably, Coinbase reported a 2023 net income of $95 million and adjusted EBITDA of $964 million. EBITDA is earnings before interest, taxes, depreciation, and …
The post <a href="https://coinedition.com/coinbase-transaction-revenue-reaches-529m-in-q4-2023/">Coinbase Transaction Revenue Reaches $529M in Q4 2023</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Coinbase Transaction Revenue Reaches $529M in Q4 2023

Coin Edition

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