COIN Coinbase reported Q1 2025 earnings with revenue of $2.03 billion, below the market expectation of $2.2 billion. Transaction revenue was $1.26 billion, with trading volume reaching $393 billion, exceeding estimates. Adjusted EBITDA was $930 million, net income was $66 million, and adjusted net income was $527 million. USDC balances increased by 49% quarter-over-quarter, derivatives trading volume reached $804 billion, and assets under custody rose by $25 billion
COIN Coinbase to acquire Deribit for roughly $2.9B in cash and stock, expanding into crypto derivatives. The deal still requires regulatory approval, and Coinbase will also take over Deribit’s operating license in Dubai