As of Q4'25, COIN reported revenue of USD 1.78B, reflecting a year-over-year decline of 21.6%. This marks a decrease from the previous quarter’s revenue of USD 1.87B and a significant reversal from the strong growth observed in earlier quarters. From Q1'23 to Q4'25, COIN’s revenue trend has been marked by periods of both robust growth and volatility. After a subdued 2023 with modest declines and slight growth, revenue surged sharply in 2024, peaking at USD 2.27B in Q4'24 with YoY growth reaching as high as 138%. However, this momentum did not sustain into 2025, as revenue growth decelerated rapidly and turned negative by Q4'25, indicating increased volatility and a potential shift in the company’s growth trajectory over the covered period.