Coinbase, a compliant exchange in the United States, has announced its fourth-quarter financial report. Due to the optimistic sentiment in the cryptocurrency market, its trading revenue in the fourth quarter grew by 83% compared to the previous quarter, reaching $530 million. Along with the stablecoin revenue in a high-interest rate environment and the emergence of cost savings, Coinbase finally achieved a profit of $94.87 million for the full year 2023, with an EPS of $0.37. Its stock price surged 14% to $189 after hours.
"Trading Soars: Coinbase Achieves Full-Year Profit in 2023, Stock Price Surges by 14%"