While the increase in Bitcoin's value is often seen as a positive for Coinbase, the real driver of the business is trading volume -- and that's gone through the roof. After hovering between $1 billion and $2 billion per day earlier this year, volume is now $7.8 billion in the last 24 hours, as of this writing.

The crypto community is celebrating President-elect Donald Trump’s election victory, and so are crypto stocks. Bitcoin reached an all-time high Tuesday night, crossing the $75,000 mark, and companies tied to the crypto,