Coinbase Q1 Revenue Slumps 10% Despite Deribit Acquisition and Market Share Gains
Coinbase’s first-quarter earnings, released on May 8, revealed a 10% dip in total revenue to $2 billion, falling short of industry expectations by 4.1% amid sluggish trading activity and a broader market cooldown. Net income took a major hit, plunging 95% quarter-over-quarter to $66 million, down from $1.29 billion in ...