Core Viewpoint - Coinbase reported a significant decline in revenue and a net loss for Q4, but projects substantial growth in trading volume and profitability for 2025 [1] Financial Performance - Q4 revenue decreased by 20% to $1.8 billion, exceeding market expectations [1] - The company recorded a net loss of $667 million for the quarter, compared to a net profit of $1.3 billion in the same period last year [1] - The loss was primarily attributed to impairment charges related to cryptocurrency holdings and investments [1] Future Projections - Coinbase anticipates total trading volume to exceed $5.2 trillion in 2025, representing a year-over-year growth of 156% [1] - The company expects to achieve a net profit of approximately $1.26 billion for the full year of 2025 [1] Market Share - Coinbase's market share in the spot market doubled, increasing from 3.2% at the end of 2024 to 6.4% [1]