加密交易所Coinbase的收入下降了10％的四分之一季度至20億美元

Crypto Exchange Coinbase的總收入在第1季度下降了10％，降至20億美元，由於整個市場的交易活動放緩，行業估計缺失4.1％。

Crypto exchange Coinbase's (NASDAQ:COIN) total revenue in Q1 dropped 10% from the previous quarter to $2 billion, narrowly missing industry estimates by 4.1% as trading activity slowed across the market.

Crypto Exchange Coinbase（NASDAQ：COIN）的總收入在第1季度從上一季度下降了10％，至20億美元，隨著整個市場交易活動放緩，行業估計的估計差異4.1％。

Coinbase's net income was slashed by 95% from a nearly record-high of $1.29 billion in Q4 to $66 million, largely due to a $596 million paper loss on its crypto holdings.

Coinbase的淨收入從近11.9億美元的第4季度至6600萬美元中削減了95％，這主要是由於其加密貨幣持有的5.96億美元的紙質損失。

However, the firm's earnings per share of $1.94 exceeded the Zacks Consensus Estimate of $1.85 for the quarter.

但是，該公司的每股收益為1.94美元，超過了Zacks共識估計為1.85美元。

Coinbase's May 8 results also showed that transaction revenue fell 18.9% to $1.26 billion, and trading volume dipped 10.5% to $393 billion as crypto market cap dropped by double digits, partly due to the Trump administration's tariffs.

Coinbase 5月8日的業績還表明，交易收入下降了18.9％，至12.6億美元，而交易量下降了10.5％，至3930億美元，因為加密貨幣市值下降了兩位數，部分原因是特朗普政府的關稅。

In contrast, U.S. President Donald Trump's election victory in November was considered one of the main catalysts behind the rising market prices in Q4.

相比之下，美國總統唐納德·特朗普（Donald Trump）在11月的選舉勝利被認為是第四季度市場價格上漲的主要催化劑之一。

Meanwhile, Coinbase's subscription and services revenue rose 8.9% to $698.1 million, with stablecoin revenue being the most significant contributor.

同時，Coinbase的訂閱和服務收入增長了8.9％，達到6.981億美元，Stablecoin收入是最重要的貢獻者。

Despite the decline in total revenue and trading volume, Coinbase said it gained more market share in global spot and derivatives trading and deepened its presence in emerging markets like Argentina and India with "critical registrations."

儘管總收入和交易量下降，但Coinbase表示，它在全球範圍內獲得了更多的市場份額，並在阿根廷和印度等新興市場中加深了其在“關鍵註冊”等新興市場中的存在。

On the regulatory front, Coinbase said the dismissal of its lawsuit with the U.S. securities regulator marked a "major judicial win for balanced, innovation-friendly regulation, and our efforts to make crypto mainstream."

在監管方面，Coinbase表示，駁回其與美國證券監管機構的訴訟標有“平衡，創新友好的監管的重大司法勝利，以及我們為成為Crypto主流的努力。”

Coinbase makes deal with major crypto derivatives platform

Coinbase與主要加密衍生品平台打交道

Coinbase has agreed to acquire crypto derivatives platform Deribit for $2.9 billion, marking the industry's largest corporate acquisition to date.

Coinbase已同意以29億美元的價格收購加密衍生品平台Deribit，這標誌著該行業迄今為止最大的公司收購。

The acquisition will expand Coinbase's footprint in the crypto derivatives market immensely, which was previously limited to its Bermuda-based platform.

此次收購將大大擴展Coinbase在加密衍生品市場中的佔地面積，該市場以前僅限於其基於百慕大的平台。

Coinbase noted that Deribit facilitated over $1 trillion in trading volume in 2024 and has around $30 billion of current open interest.

Coinbase指出，Deribit在2024年促進了超過1萬億美元的交易量，目前約有300億美元的開放利息。

The deal now makes Coinbase the "global leader" in crypto derivatives trading. Competitor firm Kraken (NASDAQ:CRWND) made a similar move when it agreed to acquire futures brokerage NinjaTrader for $1.5 billion earlier this year.

現在，這筆交易使Coinbase成為加密衍生品交易中的“全球領導者”。競爭對手公司Kraken（納斯達克股票代碼：CRWND）同意今年早些時候以15億美元的價格收購期貨經紀尼亞賈特拉德（Ninjatrader）時採取了類似的舉動。

Coinbase's Deribit deal contributed to a 5.1% rise in Coinbase (NASDAQ:COIN) shares during May 8 trading, though the stock pulled back 3.1% in after-hours since the crypto exchange posted its Q1 results.

Coinbase的Deribit交易在5月8日的交易中造成了5.1％的Coinbase（NASDAQ：COIN）股份增長，儘管自加密貨幣交易所以自加密交易所（Crypto Exchange）發布其Q1結果以來，該股票在下班後撤回了3.1％。