Quarterly revenue of Coinbase 2019-2024
Cryptocurrency platform Coinbase saw its net revenue grow again in late 2024, caused by the growing hype surrounding Bitcoin ETFs. The Delaware-based company had more net revenue in the second half of 2023 than in the entirety of 2022. This coincides with the time that the price of Bitcoin started to increase. The growing interest in crypto is important to Coinbase's business model, as the prospectus listed that transaction revenue made up "over 96 percent" of the company's net revenue towards the end of 2020.
