Coinbase Continues to Revolutionize Financial Services with Strong Q1 Performance
May 8, 2025 - Coinbase, the leading digital currency exchange and financial services platform, today announced its strong first quarter (Q1) performance, delivering across key areas including finance, product innovation, and global market share growth.
Citing the company's mission to increase economic freedom in the world through cryptocurrency adoption, Brian Armstrong, Co-Founder and CEO, highlighted the resilience of Coinbase's business in an uncertain macro environment. "We posted strong financials, rolled out product innovations at a rapid pace, and continued to grow global market share," he stated.
Financially, the company reported Q1 revenue of $2 billion with adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) totaling $930 million. This demonstrates the business's ability to thrive even in times of economic uncertainty.
Coinbase has been at the forefront of driving innovation through its product offerings, including trading platforms and emerging payments solutions. In Q1, the company launched Portfolio Margin 2.0, expanding access to long-short capabilities and increasing leverage for institutional traders. This move reflects the platform's focus on catering to various customer groups, such as retail investors, professional traders, and institutions.
Additionally, Coinbase made significant strides in its core businesses during Q1. Trading volume surged with over $800 billion in global derivatives trading volume, marking a substantial market share increase driven by the company's international exchange. Furthermore, the acquisition of Deribit, the world's leading crypto options exchange, solidifies Coinbase's position as the #1 crypto derivative platform globally by open interest.
Armstrong emphasized the strategic importance of this move: "Deribit is a very important piece of the puzzle for us to bring this together all at Coinbase." This development underscores the company's commitment to creating a comprehensive trading platform that caters to the diverse needs of traders, institutional investors, and users worldwide.
Coinbase has been driving economic activity through its various customer segments. By offering emerging payments solutions that enable businesses to accept crypto payments, the company is fostering growth in global commerce. The vision is to become the #1 financial services platform globally across each customer group served, with cryptocurrency-powered transactions ultimately accounting for a significant portion of global GDP.
In conclusion, Coinbase's Q1 performance serves as testament to its unwavering dedication to advancing economic freedom and promoting innovation through cryptocurrency adoption. As it continues on this trajectory, investors and users alike can expect further milestones in the company's relentless pursuit of becoming the premier financial services platform worldwide."
