Financial Performance Overview
Coinbase Global (COIN) demonstrates strong financial performance with diversified revenue streams. Below is a detailed breakdown of key metrics:
Revenue Streams
| Period Ending | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---------------------|--------------|--------------|--------------|--------------|
| Retail Transactions | $3.59B | $3.43B | $2.55B | $2.32B |
| Growth YoY | 85.08% | 157.13% | 117.40% | 81.92% |
| Stablecoin Revenue | $1.01B | $910.5M | $856.2M | $781.66M |
| Growth YoY | 45.92% | 31.15% | 63.82% | 82.99% |
| Blockchain Rewards | $751.4M | $705.7M | $585.9M | $505.56M |
| Growth YoY | 84.13% | 113.25% | 96.44% | 76.42% |
👉 Explore Coinbase’s latest revenue trends
Secondary Revenue Categories
- Institutional Transactions: $359.1M (Q1 2025), up 134.35% YoY.
- Interest Income: $262.2M (Q1 2025), growing 24.86% YoY.
- Custodial Fees: Introduced in 2024, reaching $141.6M by Q4 2024.
Operating Metrics
| Metric | Q1 2025 | Q4 2024 |
|----------------------|---------------|---------------|
| Trading Volume | $1,243B | $1,162B |
| Growth YoY | 96.06% | 148.82% |
👉 Discover how trading volumes impact profitability
Expense Analysis
| Expense Category | Q1 2025 | Q4 2024 | Growth YoY |
|------------------------|------------|------------|------------|
| Technology & Development | $1.47B | $1.47B | 10.67% |
| Sales & Marketing | $803.2M | $654.49M | 118.86% |
Key Trends:
- Technology costs grew modestly (10.67%), while marketing spend more than doubled.
- Restructuring charges were eliminated by Q1 2025.
Core Keywords
- Coinbase revenue
- COIN financial metrics
- Cryptocurrency trading volume
- Stablecoin earnings
- Blockchain rewards
- Institutional crypto transactions
FAQs
Q: What drives Coinbase’s retail transaction growth?
A: Increased crypto adoption and expanded asset listings (e.g., new altcoins) fueled an 85% YoY rise in Q1 2025.
Q: How does Coinbase earn from stablecoins?
A: Via interest on reserves and transaction fees, generating $1.01B in Q1 2025.
Q: Why did institutional transactions surge?
A: Hedge fund and corporate demand for crypto custody solutions grew 283% in 2024.
Source: Data sourced from Main Street Data and company filings.
Note: All figures are in USD. Growth rates compare year-over-year performance.
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**Key Adjustments**:
- Removed redundant year references (e.g., "Mar 31, 2024").
- Streamlined tables for readability.
- Added strategic anchor links for engagement.
- Expanded FAQs to address user intent.