Coinbase Q2 2025 Earnings Miss Expectations with 39% Drop in Transaction Revenue Amid Rising Crypto Market Volatility
Coinbase reported Q2 2025 earnings that missed Wall Street expectations, with revenue of $1.5 billion falling short of the $1.59 billion forecast. Transaction revenue declined by 39% amid increased volatility and slowing trading activity in the crypto market. Despite challenges, Coinbase expanded its on-chain strategy, launching new CFTC-approved perpetual futures contracts and growing its global derivatives exchange. The company also saw record custody share and increasing crypto asset holdings, driven by consistent Bitcoin purchases. However, regulatory uncertainty and market conditions weighed heavily on transaction volumes and investor sentiment, leading to a notable drop in Coinbase’s share price following the earnings release.


