earnings
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2FBrian-Armstrong-green-background.jpg&w=1536&q=40)
The crypto exchange’s ability to cross-sell its products is its “superpower,” Bitwise’s Alyssa Choo says
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Ftether.jpg&w=1536&q=40)
The profits were driven by interest earned on US Treasury holdings, as well as market gains on bitcoin and gold
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fcoinbase-light-purple.jpg&w=1536&q=40)
Higher trading volumes and stablecoin revenue are set to drive sizeable quarter-over-quarter improvements, analysts say
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fblackrock-1.jpg&w=1536&q=40)
The “fastest-growing ETF in history” has seen net inflows on every trading day since its Jan. 11 launch
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2FMike-Novogratz-Galaxy-Digital.jpg&w=1536&q=40)
Bitcoin has “a whole new set of salespeople” after the ETF approvals, Galaxy Digital’s CEO says — though “the rest of crypto is still a regulatory tug of war”
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Frobinhood.jpg&w=1536&q=40)
Last month’s crypto-related trade volumes via the investment app were roughly five times those seen in September 2023
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fbitcoin-mining-equip.jpg&w=1536&q=40)
Company execs say it plans to draw from its $1 billion in unrestricted cash and BTC to take advantage of opportunities around the bitcoin halving
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fbrian-armstrong1.jpg&w=1536&q=40)
The stock price jump comes after Coinbase reported ending its seven-quarter run of net losses during the fourth quarter
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fcoinbase.jpg&w=1536&q=40)
The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fcoinbase-blue-streaks.jpg&w=1536&q=40)
Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2FCoinbase-earnings-logo.jpg&w=1536&q=40)
Analysts are set to listen for executive guidance on the implications of spot bitcoin ETFs on the business during the company’s earnings call Thursday
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fmark-zuckerberg.jpg&w=1536&q=40)
Reality Labs notched over $1 billion in revenue during Q4 last year, up from $727 million in 2022’s Q4
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F11%2FVlad-Tenev.jpg&w=1536&q=40)
The investing app’s transaction-based revenues on cryptocurrencies declined to $23 million
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F11%2Fcoinbase-earninga.jpg&w=1536&q=40)
Subscription and services revenue topping transaction revenue for the second straight quarter is “a huge result,” Bitwise crypto equities specialist says
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F11%2Fblock-earnings.jpg&w=1536&q=40)
Quarterly earnings shows the company’s bitcoin holdings at fair value are roughly equal to its costs — but that was before October’s rally
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F11%2Fmicrostrategy.jpg&w=1536&q=40)
MicroStrategy holds 158,400 BTC and plans to buy more amid “promising backdrop of potential increased institutional adoption”
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F10%2Fcoinbase-trading.jpg&w=1536&q=40)
While analysts expect the exchange to again report quarter-over-quarter trading volume declines, bitcoin ETF buzz could offer tailwinds moving forward
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F10%2FWisdomTree.jpg&w=1536&q=40)
Firm with $94 billion in assets under management said a focus remains on launching a US bitcoin ETF amid “exciting momentum” in that area
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F08%2Fbitdeer.jpg&w=1536&q=40)
Bitdeer recently completed its data center in Bhutan and will be investing in immersion cooling technology
Get the daily newsletter that helps thousands of investors understand the markets.