Coinbase reported first-quarter revenue of $2.03 billion, missing the $2.12 billion Street estimate, but up from $1.64 billion in the same quarter last year, according to Benzinga. Adjusted earnings of $1.94 missed the $2.11 estimate. The company cited progress toward 2025 goals, including growing market share in global spot and derivatives. Coinbase cited the dismissal of the SEC lawsuit as a major judicial win and highlighted Trump’s executive order on a Strategic Bitcoin Reserve.
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