Coinbase Revenue Declines Amid Slowing Crypto Trading Activity
Coinbase reported a $1.5 billion revenue, down 25% from the previous quarter, amid intensifying competition in the crypto industry. The company is expanding beyond retail trading into a broader crypto ecosystem with strategic partnerships, product diversification, and a focus on regulatory clarity and infrastructure development like its Ethereum layer 2 chain, Base. While facing challenges, Coinbase aims to solidify its position as a trusted platform in the evolving crypto landscape.