Coinbase Global Inc. late Thursday said it is witnessing “the dawn of a new era for crypto” as it revealed 2024 revenue that more than doubled and quarterly revenue that blew past Wall Street’s expectations.

Cryptocurrency exchange Coinbase Global (COIN) has reported fourth-quarter 2024 financial results that crushed Wall Street’s targets as trading

Analysts expect the New York-based company to report quarterly earnings at $2.13 per share, up from $1.04 per share in the year-ago period. Coinbase projects quarterly revenue of $1.84 billion, compared to $953.79 million a year earlier, according to data from Benzinga Pro.

The fourth quarter was a good one for crypto and Wall Street analysts expect leading U.S. exchange Coinbase (COIN) to have posted a big jump in earnings from the prior three months. Revenue for the fourth quarter is expected to have been $1.

Donald Trump’s return to the White House helped Coinbase Global to blow past analysts’ expectations in the fourth quarter, as a more friendly regulatory regime lures investors back to the crypto market.

Donald Trump’s reascent to the White House gave investors in Bitcoin and Coinbase Global plenty of reason to cheer. Coinbase is expected to report fourth-quarter earnings per share of $2.11 and revenue of $1.