PANews reported on May 9 that according to The Block, Coinbase announced its Q1 2025 financial report, with revenue of $2.034 billion, lower than the expected $2.12 billion; earnings per share of $0.24, far lower than the market expectation of $1.93. Trading volume fell 10% from the previous quarter, and trading revenue fell to $1.26 billion. Previously, the company announced that it would acquire the derivatives exchange Deribit for $2.9 billion to expand its global derivatives business. For the quarter ended March 31, adjusted net profit was $527 million and net profit was $66 million.