Coinbase Global Inc. said revenue more than doubled and profit increased more than forecast during last quarter’s Trump-inspired rally in digital assets.

Crypto exchange Coinbase beat estimates for fourth-quarter profit on Thursday, driven by higher trading volumes in bitcoin and other digital tokens following the U.S. election. Unprecedented interest in crypto,

Coinbase reported better-than-expected fourth-quarter earnings, strengthened by a raging postelection crypto rally at the end of 2024.

Last year, Trump suggested the U.S. president should have "at least" a say over setting interest rates, something that would end the Fed’s independence, though Powell has vowed to serve out his term, which is due to end in 2026, and Trump has said he doesn’t plan on attempting to fire Powell.

President Donald Trump called for lower interest rates, seeking to raise pressure on the Federal Reserve as he moves to implement a second-term economic agenda high on tariffs and expanding tax breaks.

U.S. stocks rallied to the brink of a record Thursday after more companies reported fatter profits than expected. Wall Street mostly yawned, again, at the latest announcement on tariffs by President Donald Trump,