Coinbase Stock Falls After Earnings Disappoints Wall Street on Market Volatility

BTC $ 103,741.59 + 5.62 % ETH $ 2,215.73 + 21.37 % USDT $ 1.0001 - 0.02 % XRP $ 2.3243 + 8.17 % BNB $ 626.97 + 4.11 % SOL $ 163.25 + 10.04 % USDC $ 0.9999 - 0.02 % DOGE $ 0.1967 + 13.40 % ADA $ 0.7683 + 14.18 % TRX $ 0.2575 + 3.17 % SUI $ 4.0635 + 19.76 % LINK $ 15.94 + 15.42 % AVAX $ 22.11 + 12.94 % XLM $ 0.2908 + 11.54 % SHIB $ 0.0₄1452 + 13.41 % BCH $ 423.94 + 16.34 % HBAR $ 0.1966 + 11.38 % LEO $ 8.8644 + 1.90 % PI $ 0.6443 + 10.45 % TON $ 3.2549 + 7.43 % News Back to menu News Markets Finance Tech Policy Focus Prices Back to menu Prices Data Back to menu Data Trade Data Derivatives Order Book Data On-Chain Data API Research & Insights Data Catalogue AI & Machine Learning Indices Back to menu Indices Multi-Asset Indices Reference Rates Strategies and Services API Insights & Announcements Documentation & Governance Research Back to menu Research Consensus Back to menu Consensus Consensus 2025 Consensus 2025 Coverage Sponsored Back to menu Sponsored Thought Leadership Press Releases CoinW MEXC Phemex Advertise Videos Back to menu Videos CoinDesk Daily Shorts Editor's Picks Podcasts Back to menu Podcasts CoinDesk Podcast Network Markets Daily Gen C Unchained with Laura Shin The Mining Pod Newsletters Back to menu Newsletters The Node Crypto Daybook Americas State of Crypto Crypto Long & Short Crypto for Advisors Webinars & Events Back to menu Webinars & Events Consensus 2025 Policy & Regulation Conference English Select Language English en Русский ru Español es Filipino fil Italiano it Português pt-br Українська uk Français fr News Prices Data Indices Research Consensus Sponsored Sign In Sign Up Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Coinbase Stock Falls After Earnings Disappoints Wall Street on Market Volatility The crypto exchange cited a drop in crypto prices as a result of U.S. President Donald Trump’s tariff policy and macroeconomic uncertainty as the reason behind the weak quarter. By Helene Braun | Edited by Aoyon Ashraf Updated May 8, 2025, 8:48 p.m. Published May 8, 2025, 8:27 p.m. What to know : Coinbase reported $2 billion in Q1 revenue, falling short of analyst expectations and down from $2.27 billion in Q4. Trading volume dropped 10% to $393.1 billion, with transaction revenue declining 19% as market volatility failed to boost activity. Analysts had already cut forecasts ahead of the report, citing weaker trading since January amid macroeconomic uncertainty. Shares of Coinbase (COIN) fell nearly 3% in post-market trading after it reported a significant drop in revenue in the first quarter of the year, missing analyst estimates, as markets cooled amid economic uncertainty in the U.S. The crypto exchange said it recorded $2 billion in revenue, down from $2.27 billion in the fourth quarter and lower than Street estimates of $2.1 billion. The company also reported earnings per share of $0.24, missing the average analyst estimate of $1.93, according to FactSet data. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto for Advisors Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Trading volume fell 10% to $393.1 billion quarter over quarter and transaction revenue came in at $1.3 billion, about 19% lower than in the fourth quarter. “Q1 saw increased average Crypto Asset Volatility with BTC reaching a new all-time high price in January. However, crypto prices dropped alongside broader market declines driven by tariff policy and macroeconomic uncertainty,” Coinbase wrote in a letter to shareholders. Analysts at J.P. Morgan, Barclays, and Compass Point had all slashed their forecasts before the earnings report as crypto trading volume slowed sharply since January amid uncertainties about the future of the U.S. economy. Trading platform Robinhood (HOOD), whose retail-focused clientele is often compared to Coinbase’s trader base, in April reported a 13% drop in transaction-based revenue. Coinbase’s $2.9 billion acquisition of derivatives exchange Deribit, however, positions it as the new leader in global crypto options trading, overtaking Binance and other rivals. The move sets the stage for a new chapter in derivatives markets — one that investors will be watching closely. Read more: Coinbase's $2.9B Deribit Deal a 'Legitimate Threat' for Peers, Wall Street Analysts Say UPDATE (May 8, 20:43 UTC): Adds additional paragraph at the end and share price decline. Coinbase Helene Braun Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH. X icon About About Us Masthead Careers CoinDesk News Crypto API Documentation Contact Contact Us Accessibility Advertise Sitemap System Status DISCLOSURE & POLICES CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Ethics Privacy Terms of Use Cookie Settings Do Not Sell My Info © 2025 CoinDesk, Inc. X icon