Coinbase Revenue Falls Short as Crypto Traders Sit Out Bitcoin Rally

TL;DR Coinbase closed the first quarter of 2025 with a 10% drop in revenue, hit by lower trading activity despite Bitcoin’s rally. The exchange finalized the $2. 9 billion acquisition of Deribit. Its stablecoin business grew 32%, while USDC balances rose 49% in three months. Coinbase reported a 10% revenue decline in the first quarter of. . . source: https://crypto-economy.com/coinbase-revenue-falls-short-as-crypto-traders-sit-out-bitcoin-rally/