Coinbase Q4 Earnings Set to Skyrocket with Best Trading Volume Since 2021

Coinbase Q4 Earnings Expected to Show Best Volume Since 2021

Coinbase (COIN) is set to release its Q4 2024 earnings report this Thursday, with analysts predicting a revenue of $1.8 billion, marking a significant increase from the $1.26 billion reported in Q3. According to FactSet, earnings-per-share are expected to rise to $1.99 from $0.41 in the previous quarter. Trading volumes are also anticipated to hit $195.9 billion, the highest since Q4 2021, driven by a crypto rally following Donald Trump's presidential election victory.

Despite the positive outlook, some analysts, including those from Citi and JPMorgan, have slightly lower revenue estimates of $1.7 billion and $1.77 billion, respectively. Citi analysts remain optimistic about Coinbase's future, highlighting its potential to benefit from the evolving crypto landscape. They also suggest that 2025 will be a pivotal year for the company as it explores new revenue streams, such as tokenization and Web3 applications. This report was originally published by CoinDesk at https://www.coindesk.com/markets/2025/02/11/coinbase-q4-earnings-expected-to-see-best-volume-since-2021.

Bitcoin Exchange Reserves Drop Amid ETF Accumulation

Bitcoin exchange reserves have fallen to 2.5 million BTC, a significant decrease as exchange-traded funds (ETFs) accumulate Bitcoin at a rate 20 times faster than the current mining output. This trend highlights the growing demand for Bitcoin among institutional investors, which is outpacing the supply generated by miners. The rapid accumulation by ETFs is seen as a key factor driving this shift in reserves.

Analysts suggest that this development could have long-term implications for Bitcoin's price and market dynamics, as the reduced availability on exchanges may lead to increased scarcity. This news was reported by Yahoo Finance and can be found at https://finance.yahoo.com/news/bitcoin-exchange-reserves-drop-2-075835919.html.

OKX Eyes U.S. Expansion After Regulatory Success in Europe

OKX, a major cryptocurrency exchange, is preparing for a U.S. market re-entry following its regulatory success in Europe. The company recently secured pre-authorizations under the European Union’s Markets in Crypto-Assets (MiCA) framework, a milestone that positions it as a leader in compliance. OKX President Hong Fang emphasized the company's long-term investment in Europe, which has laid the groundwork for its global expansion.

In the U.S., OKX aims to merge centralized exchange reliability with decentralized finance (DeFi) innovation, offering a "crypto super app" that integrates Web3 tools. The company is optimistic about the potential for clearer crypto regulations under the new U.S. administration, which could ease access to fiat on-ramps. This article was originally published by TheStreet at https://www.thestreet.com/crypto/innovation/coinbase-challenger-okx-eyes-us-expansion-after-uk-regulatory-win.

Pi Network to Launch on OKX Amid User Concerns

The Pi Network's native token is set to debut on OKX's spot trading markets on February 20, 2025. Users can begin depositing Pi tokens on February 12, with withdrawals starting on February 21. The Pi Network aims to make cryptocurrency mining more accessible through its mobile app, which allows users to mine Pi coins with minimal environmental impact.

However, concerns have been raised about the project's referral-driven growth model and its Know Your Customer (KYC) verification process. Some users, particularly in China, have reported difficulties completing KYC due to limited slots. Despite these challenges, the Pi Network's IoU price has surged by 112% in the past week, reaching $86. This news was reported by crypto.news and can be accessed at https://crypto.news/pi-network-to-launch-on-okx-traders-raise-concerns/.

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