Coinbase delivered exceptional financial results for fiscal year 2024, with net revenue surging 117% to $6.3B from $2.9B in 2023. Net income skyrocketed 2,637% to $2.6B, while adjusted EBITDA reached $3.3B, up 237% YoY. The company's core metrics showed robust growth, with trading volume increasing 148% to $1.16T and assets on platform growing 112% to $404B.The company strengthened its financial position by launching $1.3B convertible senior notes and authorizing a $1.0B share repurchase program. Strategic initiatives included enhanced international expansion, new derivatives offerings, and key partnerships with firms like Circle Internet Financial. Monthly Transacting Users grew 14% YoY to 8.4M, reflecting sustained platform engagement.Despite ongoing regulatory challenges, including SEC litigation, Coinbase maintains a strong focus on compliance and security. The company, now operating with 3,772 employees, continues to expand its institutional services and core product development. Management remains optimistic about revenue growth potential across market conditions while prioritizing regulatory clarity and international expansion.

Coinbase delivered exceptional financial results for fiscal year 2024, with net revenue surging 117% to $6.3B from $2.9B in 2023. Net income skyrocketed 2,637% to $2.6B, while adjusted EBITDA reached $3.3B, up 237% YoY. The company's core metrics showed robust growth, with trading volume increasing 148% to $1.16T and assets on platform growing 112% to $404B.The company strengthened its financial position by launching $1.3B convertible senior notes and authorizing a $1.0B share repurchase program. Strategic initiatives included enhanced international expansion, new derivatives offerings, and key partnerships with firms like Circle Internet Financial. Monthly Transacting Users grew 14% YoY to 8.4M, reflecting sustained platform engagement.Despite ongoing regulatory challenges, including SEC litigation, Coinbase maintains a strong focus on compliance and security. The company, now operating with 3,772 employees, continues to expand its institutional services and core product development. Management remains optimistic about revenue growth potential across market conditions while prioritizing regulatory clarity and international expansion.