Brian Armstrong says Coinbase is ready to partner with any bank or financial institution that wants to expand into crypto.
COIN's Q1 results reflect higher consumer and institutional transaction revenues and crypto asset prices.
Coinbase Global Inc (NASDAQ:COIN) is set to acquire Deribit, a crypto derivatives exchange based in Dubai, for $2.9 billion in a move that will significantly boost its international presence and place it in direct competition with global heavyweight Binance. The deal, announced Thursday, includes $700mn in cash and 11mn Coinbase class A shares.
The headline numbers for Coinbase Global (COIN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Coinbase Global, Inc. (NASDAQ:COIN ) Q1 2025 Earnings Conference Call May 8, 2025 5:30 PM ET Company Participants Anil Gupta - VP, IR Brian Armstrong - Co-Founder & CEO Alesia Haas - CFO Emilie Choi - President & COO Conference Call Participants Ken Worthington - JPMorgan James Yaro - Goldman Sachs Devin Ryan - Citizens Owen Lau - Oppenheimer Brett Knoblauch - Cantor Fitzgerald Peter Christiansen - Citi Benjamin Budish - Barclays Capital Patrick Moley - Piper Sandler Joseph Vafi - Canaccord Dan Dolev - Mizuho Alexander Markgraff - KeyBanc Capital Markets Bo Pei - U.S. Tiger Securities Operator Good afternoon. My name is Eric, and I will be your conference operator today.
Coinbase Global, Inc. (COIN) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.65 per share a year ago.
Earlier in the day Coinbase announced a $2.9 billion cash-and-stock deal to acquire Deribit, a bitcoin options exchange.
Coinbase (COIN) reported first-quarter earnings that missed analysts' expectations, and shares dropped in extended trading on the heels of a Bitcoin-driven rally Thursday.
Coinbase pins crypto drop on tariffs and economic uncertainty.
Coinbase Global Inc (NASDAQ:COIN) announced on Thursday it will acquire Deribit, the world's largest crypto options exchange by volume, for $2.9 billion in a landmark deal that positions the US-based company as the top global platform for crypto derivatives. The acquisition, which includes $700 million in cash and 11 million Coinbase shares, marks the largest merger and acquisition in the history of the cryptocurrency industry, according to the Wall Street Journal.
Coinbase Global Inc (NASDAQ:COIN) announced on Thursday it will acquire Deribit, the world's largest crypto options exchange by volume, for $2.9 billion in a landmark deal that positions the US-based company as the top global platform for crypto derivatives. The acquisition, which includes $700 million in cash and 11 million Coinbase shares, marks the largest merger and acquisition in the history of the cryptocurrency industry, according to the Wall Street Journal.
Increased asset volatility and improved crypto asset prices are likely to have aided trading volumes in the first quarter for Coinbase.