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Crypto Excination Coinbase published the first quarter profit report on May 8, where both revenues and profit were cooled with encryption circulation during the first three months of the year.
The total revenue reached $ 2 billion, a decrease of 10 % from the fourth quarter. The net income decreased to $ 66 million from $ 1.29 billion in the fourth quarter, especially against the background of a paper loss of $ 596 million related to the company Encryption Property.
in spite of A sharp decrease in profit, Coinbase was still able to estimate analysts on the stock profits. It recorded $ 1.94 per share, modestly higher than $ 1.85 by Zacks.
The volume of transactions and revenues takes a blow
The trading activity in the Q1 decreased as it lost the broader encryption market. Coinbase treatment Revenue decreased To nearly 19 % to $ 1.26 billion. Trading volume also decreased on similar lines, as more than 10 % decreased to $ 393 billion. The stock market says this slowdown is partially driven by the market concern related to the Trump administration definitions.
The financial results Q1 2025 now we have directly. pic.twitter.com/qyiufPevb
Coinbase 🛡 (Coinbase) May 8, 2025
During, Coinbase Referred to Q4 Crypto Boom, which she claimed was partially driven by US President Donald Trump’s victory. The quarter witnessed much higher trading volumes and enable the company to report profits near the registry.
Subscriptions and stablecoins bring more
While trading was slow, Coinbase’s subscription work and services achieved improved results. Revenue from this sector increased by the company by approximately 9 % to $ 698 million. The largest shareholder was the income related to Stablecoins.
This part of Coinbase provides a more stable source of money, especially when trading slowly. It is also an indication that the company not only depends on market fluctuations and speculation trading to generate revenues.
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Despite the decrease in levels in some areas, Coinbase reported that more share in both the instant markets and futures. The company also gained strength in emerging markets such as Argentina and India. She cited “critical records” in those countries, allowing them to access more users all over the world.
Coinbase also celebrated a legal teacher, stating that the court, which rejects a lawsuit against the American Securities and Stock Exchange Committee, was a victory for a reasonable and balanced organization. The company stated that the ruling is to support its efforts to bring the encryption to the main current.
The biggest deal in encryption derivatives so far
In the same version of the profits, Coinbase also unveiled an agreement of approximately $ 3 billion to get Deribit, a pioneering misstectic exchange.
According to reports, Deribit was processed more than one trillion dollars in trade in 2024 and owned about $ 30 billion of open interest. According to Coinbase, the deal places as a pioneer in the global market in trading encryption derivatives.
Distinctive image from Fortune, TradingView graph
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