The total Crypto Exchange Coinbase revenue dropped by a 10% quarter-over-quarter to $ 2 billion in Q1, the missing industry estimates of 4.1% while trading activity slowed throughout the market.
Coinbase's net income is cut By 95% from a near-Competitive record of $ 1.29 billion in Q4 to $ 66 million, in a large part due to Coinbase marking a $ 596 million loss of paper in crypto handling.
Company income per portion of $ 1.94, however, managed Defeat Zacks Consensus estimate of $ 1.85 for the quarter.
The results of Coinbase's May 8 also showed that the revenue of the transaction fell 18.9% quarter-on-quarter to $ 1.26 billion, as did the trading volumes, which sank 10.5% to $ 393 billion while the crypto market cap dropped a double number to the quarter, partially linked to Trump management tareps.
In contrast, the winner of US President Donald Trump's election in November was considered one of the major catalysts behind the rising market prices in Q4.
Meanwhile, Coinbase's subscription and service revenue increased by 8.9% to $ 698.1 million, with Stablecoin income the most important contribution.
Despite the collapse of the total income and trading volume, Coinbase said it gained more market sharing in the global area and derivatives trading while deepening its existence in emerging markets such as Argentina and India with “critical registration.”
In the face of regulation, Coinbase said the removal of its lawsuit in the US securities regulation marked a “major judicial win for balanced, regulatory friendships, and our efforts to make basic crypto.”
Coinbase makes dealing with major crypto derivatives platforms
On May 8, Coinbase agreed to obtain a Crypto Derivatives platform derivit for $ 2.9 billion, which marked the largest corporate acquisition in the industry to date.
The acquisition will expand a trace of Coinbase in the Crypto derivatives market, previously limited to the Bermuda -based platform.
Coinbase noted that Deribit has facilitated more than $ 1 trillion in trading volume in 2024 and has nearly $ 30 billion of current open interest.
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The Coinbase “Global Leader” is now dealing with the Crypto derivatives trade, the firm said.
The competition competition Kraken struck a similar deal in March when it came to obtain a futures brokerage ninjatrader for $ 1.5 billion.
Coinbase's deals deals contributed to a 5.1% increase in Coinbase's (coin) sharing price (coin) during the May 8 day of trade, although shares returned to 3.1% in the after-after-time since the Crypto Exchange posted the Q1 results.
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