Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down
By: cryptosheadlines|2025/05/09 08:30:03
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Coinbase reported $2 billion in total revenue for the first quarter, compared to $1.6 billion in the first quarter of 2024.Meanwhile, the exchange posted $66 million in net income, compared to $1.2 billion, including unrealized gains of $737 million, during the same period last year.Coinbase reported $930 million in adjusted EBITDA for the quarter, with adjusted net income reaching $527 million.Subscription and services revenue rose 9% quarter-over-quarter to $698 million, reflecting increasing user demand for non-trading income sources.Coinbase reported $9.9 billion in USD resources, including cash, cash equivalents, and USDC. Meanwhile, average assets under custody climbed by $25 billion over the quarter.Derivatives volumeCoinbase processed $315 billion in institutional trading volume in the first quarter and reported a $25 billion increase in average assets under custody. Additionally, the exchange added 39 new perpetual contracts to its international exchange (INTX), pushing its global derivatives trading volume above $800 billion.The move further cements Coinbase’s role as the platform of choice for active crypto traders seeking access to advanced financial instruments.Coinbase will release its full 10-Q filing with the SEC on May 9, detailing reconciliations between GAAP and non-GAAP metrics used in its earnings presentation.Institutional trends and stablecoin growthCoinbase also revealed that 86% of surveyed institutional investors either held digital assets or planned to make allocations this year.Stablecoins emerged as a major growth segment for Coinbase. The average USDC balance held in Coinbase products rose 49% quarter-over-quarter to $12 billion, with USDC revenue up 32%.The total stablecoin balance on Base, Coinbase’s Ethereum Layer 2 network, climbed 12% to $4 billion, contributing to record demand as USDC market cap hit $60 billion.Base itself saw a 16% quarter-over-quarter rise in transaction volume, reinforcing its position as the most active Ethereum L2 by user engagement.Mentioned in this articleLatest Alpha Market ReportSource link
You may also like

Nasdaq Enters Correction Territory | Rewire News Morning Brief
Tech Stocks are a Minefield

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox
What can achieve an AI shopping closed loop is platforms that already have a complete ecosystem, not AI companies that have to build everything from scratch.

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?
The $2 Billion fundraising itself is not important; what matters is who is writing this check.

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms
From Emission to Throughput: Five Key Contrasts between the Bittensor Subnet and Virtuals Agents.

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?
The crypto industry is betting on the emerging Internet of Things economy, claiming that blockchain infrastructure was always meant for machines from the outset.

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem
Ethereum Foundation sets a strong tone: L1 solidifies security and settlement base, L2 focuses on differentiated innovation, working together to break through fragmentation and build the strongest ecosystem.

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories
Overview of Important Market Events on March 26

The most important thing in Web3 primary market investment
There is no perfect model, only builders who are respectful and responsible towards the market.

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...

Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.

The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy
Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector

What will the early Hyperliquid prediction market look like?
Unleash the Imagination Space of On-chain Finance

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware
Delphi Labs founder's two-week deep dive into China's AI ecosystem: More bullish on hardware than expected, more bearish on software than expected, and observations on Chinese founders that flipped his prior beliefs.

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle
CEA Industries' mNAV drops to 0.68, YZi Labs personally steps in to clean up the mess

A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."
The belief that "Day Trading Shitcoins is the Only Way to Make Money" has become their go-to strategy.
Nasdaq Enters Correction Territory | Rewire News Morning Brief
Tech Stocks are a Minefield
OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox
What can achieve an AI shopping closed loop is platforms that already have a complete ecosystem, not AI companies that have to build everything from scratch.
One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?
The $2 Billion fundraising itself is not important; what matters is who is writing this check.
Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms
From Emission to Throughput: Five Key Contrasts between the Bittensor Subnet and Virtuals Agents.
Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?
The crypto industry is betting on the emerging Internet of Things economy, claiming that blockchain infrastructure was always meant for machines from the outset.
Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem
Ethereum Foundation sets a strong tone: L1 solidifies security and settlement base, L2 focuses on differentiated innovation, working together to break through fragmentation and build the strongest ecosystem.
