Coinbase's first quarter revenue fell short of expectations, with trading activity decreasing by 10% Coinbase announced its Q1 2025 financial report, with revenue of $2.034 billion, lower than the expected $2.12 billion; Earnings per share were $0.24, far below the market expectation of $1.93. The trading volume decreased by 10% compared to the previous quarter, and the trading revenue dropped to 1.26 billion US dollars.