COIN Given the fact that we're still in the thick of a post halvening pump, this poor earnings report for me only further reflects the eroding market share of Coinbase in the crypto market space. Other financial institutions are simply starting to catch up and catch on.
There was a time 6+ years ago when Coinbase Advanced was a parallel entity known as Gdax and there were almost zero trading fees. Fast forward to today, i barely use Coinbase to day trade crypto because the fees are just way to high.
Simply put, Coinbase isn't the only game in town anymore
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
COIN Given the fact that we're still in the thick of a post halvening pump, this poor earnings report for me only further reflects the eroding market share of Coinbase in the crypto market space. Other financial institutions are simply starting to catch up and catch on. 
