Coinbase announced its financial report for the first quarter of 2025.

WuSaidBlockchainW · 2025-05-08T20:51:56+00:00

Coinbase's Q1 2025 financial report shows: revenue of $2.03 billion, below expectations, trading income of $1.26 billion, above expectations, EBITDA of $930 million, and a net profit of $66 million. USDC balance is $12.3 billion, a quarter-on-quarter rise of 49%, and derivatives trading volume is $804 billion. The company is registered as a VASP in Argentina and India.

WuSaidBlockchainW

2025-05-08 20:51:56

Abstract generation in progress

According to Wu, Coinbase announced its financial report for the first quarter of 2025, with revenue of $2.03 billion, below the market expectation of $2.2 billion; trading revenue of $1.26 billion, and trading volume of $393 billion, higher than the expected $392.7 billion. Adjusted EBITDA was $930 million, with a net profit of $66 million and adjusted net profit of $527 million. The USDC balance reached $12.3 billion, a rise of 49% quarter-on-quarter; derivatives trading volume was $804 billion, with total custodial assets of $212 billion, an increase of $25 billion quarter-on-quarter. Additionally, the company has registered as a VASP in Argentina and India.

USDC-0,03%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.