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Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down – TON BOT

Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down

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Coinbase reported $2 billion in revenue for the first quarter, with a net income of $66 million. Adjusted EBITDA was $930 million, and subscription and service revenue increased by 9%. The exchange also processed $315 billion in institutional trading volume and added 39 new perpetual contracts. Stablecoins were a major growth segment for Coinbase, with USDC revenue up 32%.

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