Coinbase has posted record Q4 earnings with 91% of its net revenue, or more than $2.2 billion, from transaction fees alone
Adding to investor confidence, the company’s total transaction revenue for 2021 was a whopping $6.8 billion. Despite the report posting $840 million in net income and showing substantial growth from 7.4 million monthly transacting users in Q3 to 11.4 million in Q4, COIN share prices fell 4.7% in postmarket trading, now down a total of 30% year-to-date.
The US-based crypto platform stated that it has recently witnessed a drop in crypto market volatility and asset prices when compared to the all-time-high conditions of Q4, owing partially to instability in global market conditions. Resultantly, the report stated that Coinbase expects to see a comparative decline in MTUs and subsequent transaction revenue in Q1 2022.
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