Coinbase Global reported a surge in revenue and profit, benefiting from a post-election rally fueled by investor optimism about a crypto golden age under the Trump administration. The biggest U.S. cryptocurrency exchange earned $1.

Crypto exchange Coinbase beat estimates for fourth-quarter profit on Thursday, driven by higher trading volumes in bitcoin and other digital tokens following the U.S. election.

The U.S.’s most prominent crypto exchange reported a surge in revenue and trading volume to close out its second-best year on record. Coinbase almost doubled its net revenue to $2.2 billion in Q4 from the prior quarter, beating analysts’ expectations of $1.8 billion.