{"id":128873,"date":"2025-05-09T01:26:22","date_gmt":"2025-05-09T01:26:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128873"},"modified":"2025-05-09T01:26:22","modified_gmt":"2025-05-09T01:26:22","slug":"coinbase-revenue-falls-10-in-q1-missing-industry-estimate","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128873","title":{"rendered":"Coinbase revenue falls 10% in Q1, missing industry estimate"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Coinbase\u2019s total revenue fell 10% quarter-over-quarter to $2 billion in Q1, missing industry estimates by 4.1% as trading activity slowed across the market.<br \/>\nCoinbase\u2019s net income was sliced by 95% from a near-company record $1.29 billion in Q4 to $66 million, in a large part due to Coinbase marking a $596 million paper loss on its crypto holdings.<br \/>\nThe firm\u2019s earnings per share of $1.94, however, managed to beat the Zacks Consensus Estimate of $1.85 for the quarter.<br \/>\nCoinbase\u2019s May 8 results also showed that transaction revenue fell 18.9% quarter-on-quarter to $1.26 billion, as did trading volumes, which dipped 10.5% to $393 billion as crypto market cap dropped by double digits over the quarter, partly attributed to the Trump  administration\u2019s tariffs.\u00a0<br \/>\nIn contrast, US President Donald Trump\u2019s election win in November was considered one of the main catalysts behind the rising market prices in Q4.\u00a0<br \/>\nKey financial metrics for Coinbase in Q1. Source: CoinbaseMeanwhile, Coinbase\u2019s subscription and services revenue rose 8.9% to $698.1 million, with stablecoin revenue the most significant contributor.<br \/>\nDespite the fall in total revenue and trading volume, Coinbase said it gained more market share in global spot and derivatives trading while deepening its presence in emerging markets such as Argentina and India with \u201ccritical registrations.\u201d<br \/>\nOn the regulatory front, Coinbase said the dismissal of its lawsuit with the US securities regulator marked a \u201cmajor judicial win for balanced, innovation-friendly regulation, and our efforts to make crypto mainstream.\u201d<br \/>\nCoinbase makes deal with major crypto derivatives platform<br \/>\nOn May 8, Coinbase agreed to acquire crypto derivatives platform Deribit for $2.9 billion, marking the industry\u2019s largest corporate acquisition to date.\u00a0<br \/>\nThe acquisition will expand Coinbase\u2019s footprint in the crypto derivatives market immensely, which previously had been limited to its Bermuda-based platform.<br \/>\nCoinbase noted that Deribit facilitated over $1 trillion in trading volume in 2024 and has around $30 billion of current open interest.\u00a0<br \/>\nRelated: $45 million stolen from Coinbase users in the last week \u2014 ZachXBT<br \/>\nThe deal now makes Coinbase the \u201cglobal leader\u201d in crypto derivatives trading, the firm said.\u00a0<br \/>\nCompetitor firm Kraken struck a similar deal in March when it agreed to acquire futures brokerage NinjaTrader for $1.5 billion.<br \/>\nCoinbase\u2019s Deribit deal contributed to a 5.1% rise in Coinbase\u2019s (COIN) share price during the May 8 trading day, though shares have pulled back 3.1% in after-hours since the crypto exchange posted its Q1 results.<br \/>\nCoinbase\u2019s change in share price on May 8, including after-hours. Source: Google FinanceMagazine: Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<a href=\"https:\/\/cointelegraph.com\/news\/coinbase-revenue-falls-double-digits-q1-earnings-miss?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Coinbase\u2019s total revenue fell 10% quarter-over-quarter to $2 billion in Q1, missing industry estimates by 4.1% as trading activity slowed across the market. Coinbase\u2019s net income&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128873"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128873"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128873\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128873"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}