By John Meyer, consultant in financial affairs – Eurasia Business News, July 31, 2025. Article no. 1673

Coinbase’s profit surged significantly in the second quarter of 2025, reaching $1.43 billion or $5.14 per share, compared with a much smaller profit a year ago. This sharp increase was primarily driven by gains from the fair value revaluation of its investment in the stablecoin issuer Circle and appreciation in its cryptocurrency asset portfolio.

Despite a 2% decline in transaction revenue to $764.3 million due to subdued retail trading volumes amid regulatory and market uncertainties, revenue from Coinbase’s subscription and services segment grew by 9.5% to $655.8 million.

This growth in subscription and services helped offset the drop in trading revenue, contributing to the overall profit jump. Retail trading activity remained muted as many investors held onto crypto assets, anticipating higher returns amid a recovering crypto market.

Overall, Coinbase posted total revenue of $1.5 billion for the quarter, slightly below analyst expectations, and its adjusted EBITDA declined to $512 million from $596 million a year ago. However, the strong subscription and services revenue coupled with investment gains underpinned the large profit increase despite softer trading activity in Q2 2025.

This performance reflects Coinbase’s evolving business model, increasingly emphasizing subscription services and crypto asset holdings alongside traditional trading revenues.

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© Copyright 2025 – Eurasia Business News. Article no. 1673