Analysis of Q4’23 Coinbase Earnings

InstitutionalFebruary 16, 2024, 9:21AM EST
UPDATED: February 16, 2024, 9:33AM EST
Analysis of Q4’23 Coinbase Earnings
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Quarterly trading volume grew +6.2% YoY and +102.6% QoQ. Institutional volumes remained flat YoY and grew +92.3% QoQ. Retail volume increased +163.6% QoQ from $11bn to $29bn.

Altcoin trading accounted for the majority of trading volume at 42%. Bitcoin followed at 31%, with ETH and USDT comprising 15% and 13%, respectively. 

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