Coinbase stock jumped 43% in 2024 due to cryptocurrency resurgence and strong revenue growth.

From Nasdaq.: 2025-01-10 17:17:11

Coinbase Global (NASDAQ: COIN) saw a 42.8% jump in shares in 2024, fueled by the resurgence of the cryptocurrency space, with Bitcoin (CRYPTO: BTC) leading the charge with a 119% price increase. USD Coin (CRYPTO: USDC) also contributed to Coinbase’s growth, with its market cap rising from $25 billion to $44 billion. The company reported a 99% increase in revenue for the first three quarters of 2024, driven by gains in crypto investments and booming trading volumes. With positive prospects for 2025, Coinbase remains a strong player in the crypto market.

Source: Nasdaq



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