Coins earnings: Global shapes of Tavern Wipe the Wall Street goals as a cripto trading explodes

5 days ago

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Coins earnings: Global shapes of Tavern Wipe the Wall Street goals as a cripto trading explodes

Cryptocurrency Coinbase Global Exchange (Coin) has reported fourth quarter of 2024 financial results that They crashed Wall Street goals as trading in Bitcoin (BTC) And other digital means hit new heights.

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The company has published earnings per share in the amount of $ 4.68, which was more than doubled $ 2.11 Consensus expectation Analysts that follow the progress of the company. Income in the last quarter last year amounted to $ 2.27 billion, which was far ahead of $ 1.88 billion in Wall Street. The sale increased 130% of the year earlier and the largest quarterly income of the company was in three years.

Transaction income The coinbase was more than doubled from last year to 1.56 billion dollars and overturned estimates that called for 1.29 billion dollars. The total volume of trading on the company’s platform during K4 2024. year amounted to 439 billion dollars, more than 185% of the overdue year. Consumer (retail investor) The volume trade rose by 224% in the same period a year ago, while the volume of trading among institutional investors increased by 176%.

Cripto Rally

The managerial team in coinbazi said Extremely strong quarter He was due to Rahing Postelex, which eventually pushed the cryptocurnancy prices in the end to record levels at the end of last year. Bitcoin and others crypto grew from the US President Donald Trump He won the re-elections last November, promising to serve in a new era for digital coins and tokens.

Coinbase, which leads the largest American market for the purchase and sale of Krippo, also earned the continuous popularity of the BTC position (ETFS), who first launched almost a year ago, for its stars. Despite exceptional printing, the supplies of coins are traded after trading hours. In the last 12 months the company is The price of shares increased by 86%.

Is the coin coin?

The stock of the global waitress has a consensus of moderate purchase ratings among 16 Wall Street analysts. This grade is based on six purchases and 10 maintenance recommendations in the last three months. The Average price of price coins From $ 317.64 implies 6.55% upside down from current levels. These rating will probably be used after today’s financial results.