Coinbase reported its financial results for Q2 2025, showing revenue growth but facing challenges due to decreased retail trading volume.
Overall Financial Results of Coinbase
Coinbase posted $1.5 billion in revenue for the second quarter of 2025, which is up 3.3% from the same period last year but down 26% from the previous quarter. Earnings per share came in at just $0.12, significantly below Wall Street’s expectations of $1.19.
Retail Trading and Subscription Dynamics
Retail trading volumes hit $43 billion, missing the $48.05 billion estimate. Total trading volume was $237 billion. Subscription and services revenue rose 9% year-over-year to $655.8 million, yet it fell short of analyst expectations. Notably, blockchain-related income in this segment declined 22%.
Future Plans
Coinbase aims to revamp its product lineup by rolling out tokenized real-world assets, crypto derivatives, and access to early-stage tokens within its mobile app, initially available to users in the United States.
Despite year-over-year revenue growth, Coinbase faces challenges in retail trading and a shifting investment landscape. Future product expansion plans may help the company navigate current difficulties.
