Odaily Planet Daily News: Coinbase announced its Q1 2025 financial report, with a quarter-over-quarter revenue decline of 12% to $2.03 billion, falling short of market expectations. Trading revenue decreased nearly 19% year-over-year to $1.3 billion. Weak trading volume in April has put pressure on the outlook for the second quarter, leading analysts from JPMorgan, KBW, and others to lower their full-year revenue forecasts. However, Coinbase's acquisition of the world's largest crypto derivatives exchange, Deribit, for $2.9 billion has drawn market attention. Analysts from Bernstein, Canaccord, and others have given positive evaluations, believing that this move will enhance Coinbase's strategic position in the derivatives space and support its global expansion. Additionally, revenue from stablecoin operations and services such as custody and trading technology grew by 9%, reaching $698 million, becoming a key growth pillar to hedge against market volatility. The USDC balance surged to $12.3 billion, and the 'Coinbase as a Service' model is also seen as a potential long-term growth engine. (CoinDesk)

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