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