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.

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. Unprecedented interest in crypto,

Coinbase's Q4 results show revenue growth, but reliance on crypto cycles and competition raise concerns. Check out my 3 reasons not to buy COIN stock.