最新报道:Coinbase reported mixed Q2 2025 earnings, with revenue reaching $3.2 billion, slightly below analyst expectations of $3.3 billion. Trading volume declined 12% quarter-over-quarter to $210 billion, attributed to lower retail participation amid market volatility. However, institutional trading saw a 5% increase, driven by growing adoption of crypto derivatives. The company posted a net income of $650 million, up 8% year-over-year, boosted by higher staking yields and custody fees. CEO Brian Armstrong noted "strong fundamentals" despite macroeconomic headwinds, while CFO Alesia Haas highlighted cost-control measures keeping expenses flat at $1.4 billion. The earnings call revealed Coinbase is accelerating international expansion, particularly in EU derivatives markets.