From CNBC: 2025-05-08 17:35:00

Coinbase shares dropped as first-quarter revenue missed Wall Street expectations, earning $65.6 million, down from $1.18 billion a year ago. Revenue rose to $2.03 billion, with $1.26 billion from transactions and $698.1 million from subscriptions. Consumer trading volume fell 17%, with institutional trading volume down 9%. Coinbase predicts $600-680 million in subscription revenue for Q2. They also acquired Deribit, a crypto derivatives exchange, for $2.9 billion.



Read more at CNBC:: Coinbase (COIN) earnings Q1 2025