Coinbase expects lower subscription revenue, and a lot more went wrong for the crypto exchange - MarketWatch
1. Coinbase's Q1 sales missed expectations and dropped compared to Q4. 2. Transaction revenue fell 19% quarter-on-quarter amid crypto market declines. 3. Coinbase guided for lower revenue, impacting investor confidence. 4. Company's acquisition of Deribit enhances institutional trading capabilities. 5. Shares have underperformed S&P 500, down 16% this year.