Coinbase’s profits (currency) Q1 2025

Coinbase The stocks declined as the revenues of the first quarter were shy of Wall Street’s expectations, despite the growth in Stablecoin’s revenues.

In the quarter ended on March 31, Coinbase received $ 65.6 million, or 24 cents per share, a decrease of $ 1.18 billion, or $ 4.40 per share a year ago. Except for the impact of encryption investments, modified Coinbase profits amounted to $ 527 million, or $ 1.94 per share.

Revenue increased to $ 2.03 billion from $ 1.64 billion a year ago, but it was shy of an estimate of $ 2.12 billion in LSEG.

Transaction revenues amounted to $ 1.26 billion per quarter, while subscription and services revenues amounted to 698.1 million dollars per quarter.

The company, which runs the largest market for encrypted currencies in the United States, said that the volume of consumer trading decreased by 17 % from the fourth quarter to 78.1 billion dollars. The size level was raised at the end of last year due to the election of President Donald Trump and hoped to bring a more appropriate organizational environment.

Institutional trading volume decreased by 9 % from the fourth quarter to $ 315 billion.

The first quarter witnessed many positive developments in the cryptocurrency, including the highest level in Bitcoin on January 20. However, concerns about Trump’s tariff policy caused many fluctuations in April, which reduced the investor’s appetite for the most dangerous assets such as encryption.

Coinbase said it had achieved about $ 240 million of transaction revenues in April alone.

For the second quarter, Coinbase expects subscription and services revenues within $ 600 million to $ 680 million.

The company said that the growth of Stablecoin’s revenues in the second quarter is likely to be more than compensating it with low Blockchant bonuses due to low asset prices.

Earlier Thursday, Coinbase announced Dubai -based Deribit is planningThe major encryption derivatives exchanged $ 2.9 billion. The deal, which is the largest in the encryption industry so far, will help expand its scope outside the United States

In the first quarter, Coinbase said that its derivative work continued to increase its share in the market.

Coinbase 2 % decreased in extended trading. The shares increased by 5 % in a session on Thursday, but they decreased by 17 % so far.

Read the full coinbase The shareholders ’message here.