Coinbase的收入和投资收益：加密过山车的疯狂骑行

Coinbase通过战略投资，未实现的收益和占主导地位的金融应用程序景观的愿景来导航加密波动。获取他们的第二季度性能和未来计划的勺子。

Coinbase's Earnings and Investment Gains: A Wild Ride on the Crypto Coaster

Coinbase的收入和投资收益：加密过山车的疯狂骑行

Coinbase's journey through the volatile crypto landscape continues, marked by strategic investments and ambitious goals. Let's dive into their latest earnings and see what's shaking in the world of Coinbase.

Coinbase在挥发性加密景观中的旅程仍在继续，以战略投资和雄心勃勃的目标为特征。让我们深入研究他们的最新收入，看看Coinbase世界中的颤抖。

Coinbase's Q2 2025: A Mixed Bag

Coinbase的Q2 2025：混合袋

Coinbase Global Inc. reported a strong net income of $1.4 billion for Q2 2025, primarily fueled by $1.5 billion in pre-tax gains from strategic crypto investments and unrealized gains. While total revenue hit $1.5 billion, it fell slightly short of Wall Street's $1.687 billion expectation. Despite this, Coinbase exceeded expectations in key metrics such as Adjusted Net Income ($33 million) and Adjusted EBITDA ($512 million).

Coinbase Global Inc.报告说，第二季度的2025年第2季度净收入为14亿美元，主要是由战略加密投资和未实现的收益获得了15亿美元的税前收益。尽管总收入达到15亿美元，但略低于华尔街的16.87亿美元期望。尽管如此，Coinbase还是超出了关键指标的预期，例如调整后的净收入（3300万美元）和调整后的EBITDA（5.12亿美元）。

Key Takeaways and Trends

关键要点和趋势

• Investment Gains to the Rescue: Coinbase's net income was significantly boosted by strategic crypto investments and unrealized gains.
• Subscription and Services Surge: Revenue from subscriptions and services reached $656 million, driven by rising USDC balances and increased staking activity.
• Expanding On-Chain Strategy: The introduction of CFTC-approved perpetual futures contracts and the integration of USDC into mainstream commerce highlight Coinbase's innovative approach.
• Custody Dominance: Coinbase manages $245.7 billion in crypto under custody, holding over 80% of all BTC and ETH ETF assets based in the U.S.

The Armstrong Vision: Global Financial App Domination

阿姆斯特朗愿景：全球财务应用程序统治

Coinbase CEO Brian Armstrong remains bullish, emphasizing the company's solid financial results and outlining a long-term vision to become the top financial app globally over the next decade. Their strategy includes launching an "everything exchange" featuring tokenized assets, derivatives, and prediction markets.

Coinbase首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）仍然看涨，强调了该公司的可靠财务业绩，并概述了在未来十年中成为全球顶级金融应用程序的长期愿景。他们的策略包括推出具有令牌化资产，衍生品和预测市场的“一切交易所”。

Rollblock (RBLK): A New Challenger?

Rollblock（RBLK）：一个新的挑战者？

While Coinbase navigates the crypto world, other players like Rollblock (RBLK) are making waves. RBLK, a GameFi protocol, is bridging DeFi with real iGaming revenue, offering users access to over 7000 games and a dynamic buyback-and-burn mechanism. It's an interesting contrast to Coinbase's broader financial ecosystem.

当Coinbase导航加密世界时，其他球员（例如Rollblock（RBLK））正在浪潮。 RBLK是一种GameFI协议，正在以真正的iGaming收入为桥接Defi，为用户提供了7000多种游戏和动态的回购和燃烧机制。这与Coinbase更广泛的金融生态系统是一个有趣的对比。

Final Thoughts: The Crypto Rollercoaster Continues

最终想法：加密过山车继续

Despite a slight dip in share price following the earnings release, Coinbase remains a key player in the crypto space. With strategic investments, innovative integrations, and a bold vision, they're riding the crypto rollercoaster with style. It's a fascinating journey, and who knows what twists and turns await? One thing's for sure: it's never a dull moment in the world of crypto!

尽管收益发布后，股价略有下跌，但Coinbase仍然是加密货币领域的关键参与者。凭借战略投资，创新的整合和大胆的愿景，他们以风格骑着加密过山车。这是一次有趣的旅程，谁知道什么曲折等待着？可以肯定的是：这绝不是加密世界中的沉闷时刻！