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Coinbase cites stablecoins, Base as key 2024 priorities after crushing Q4 estimates
After disclosing better-than-expected financial results in its fourth quarter earnings report, U.S.-based Coinbase has big plans. The second largest
Coinbase’s strong fourth-quarter results come after a return to form for the crypto industry itself, which spent much of 2023 mired in a downturn. Overall, total crypto market capitalization has increased 14% over a seven-day period to $1.96 trillion, the highest level since April 2022 before the Terra LUNA collapse. There’s also a chance that some consumers will turn to ETF products instead of purchasing bitcoin through Coinbase directly, which could lead to some unevenness in its trading incomes.
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