The Aston Martin Aramco Formula One team has ink a multi-year deal with Coinbase today, and each dollar was paid in USDC- the first for Formula One. No banks, no Fiat, just encrypt the chain. Motorsport team announced that Coinbase is now its official encryption partner.
The Coinbase of the Coinbase, which was dressed in the Aston Martin Race AMR25, will see its logo on Halo, the rear ending panels, and racing racing for the Fernando Alonso drivers and Lance Stroll.
Jefferson Slack, Administrative Director of Aston Martin Aramco F1, He saidand “This partnership shows the confidence and confidence that we put in Coinbase’s experience as a leader in digital financing. By dealing with this entire deal in USDC, we refer to our commitment to innovation, building a sustainable relationship and thinking forward with Coinbase.”
The deal reaches a time when the encryption is increased. More than 560 million people around the world now have an encryption, as Stablecoins is the preferred means of transactions and payments.
Coinbase Posts Standard profits
Only yesterday, Coinbase has reported its highest quarterly revenue for three years, fueled by the broader Crypto Bull. The numbers were:
- $ 2.27 billion of revenues, overcoming Wall Street, $ 1.88 billion.
- The arrow’s profitability at $ 4.68, much exceeding expected analysts, who numbered 1.81.
- A net 1.3 billion dollars entered, a huge jump of $ 273 million a year ago.
- 439 billion dollars of total trading volume, an increase of 185 % on an annual basis.
- 224 % jumped in consumer trading volume, along with an increase of 176 % in institutional trading.
Coinbase’s shareholder attributed to increasing the two main events: Etf Bitcoin’s launch in the first quarter of 2024 and the election of the President of the United States in support of rental and Congress in the fourth quarter.
“The majority of Y/Y in the trading volume was driven at higher levels of fluctuations to encryption assets – especially in the first quarter and Q4 – in addition to high prices for encryption assets,” The company said in its report. Strong profits paid Coinbase shares by 2 % in extended trading.
Coinbase is also strongly pushed to adopt USDC, and plans to make it number one in the world, which is the USDT website. “Coinbase, CEO of Coinbase said “Our stretch goal is to make USDC number one Stablecoin.”
Coinbase’s financial manager, Alisia Haas, told CNBC that USDC is preparing for growth, especially since Congress is close to passing the Stablecoin bill.
“We can drive the tool in this as we can lead more trading pairs on our own platforms designed in USDC, which pays liquidity, and more liquidity that you have in any assets, which pays more adoption.”
Coinbase has a revenue sharing deal with Circle, the source of the American parties, which makes Stablecoin’s essential part of the company’s growth strategy. Currently, USDC has 26 % of the Stablecoin market, behind the Tether share of 67 %, but Coinbase is determined to change it.
“Coinbase, CEO of Coinbase said “Our stretch goal is to make USDC number one Stablecoin.”
Coinbase expects that USDC accreditation will direct the highest sales and marketing expenses in the first quarter of 2025 as the company Stablecoin pays more trading pairs and payment systems for payment.
Meanwhile, the company continues to diversify its revenue flows, which reduces its dependence on trading fees. In the fourth quarter, subscription and services revenues-which include exhaustion, custody and Coinbase One-created $ 685 million to $ 765 million, indicating continuous growth in non-traded companies.
Coinbase has already achieved $ 750 million of trading revenues until February 11, and trading revenues are expected to constitute a net percentage of teenager revenues in the first quarter of 2025.
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