Several Wall Street institutions expect Coinbase's Q1 earnings to be affected by weak trading

Planet Daily News: Coinbase will announce its first-quarter 2025 financial report on May 8th. Multiple Wall Street institutions, including Barclays, JPMorgan, Compass Point, and Oppenheimer, predict that its profits may be lower than market expectations, mainly due to a significant slowdown in retail crypto trading activities. Analysts expect Coinbase's earnings per share to drop from $2.26 in the previous quarter to $1.93, with revenue declining from $2.27 billion to $2.1 billion. Although subscription revenue from USDC interest and blockchain staking is expected to remain within the guidance range, partially mitigating the decline in trading revenue, analysts warn that profit margins may be under pressure, and retail trading trends remain fragile as they enter the second quarter. (CoinDesk)