Coinbase Stock Gives Up Some of Its Bitcoin-Fueled Gains as Earnings Underwhelm
1. Coinbase's Q1 revenue was $2.03 billion, below analyst estimates. 2. Adjusted net income fell significantly, affecting investor confidence. 3. Coinbase expects lower Q2 subscription revenue, impacting future growth. 4. Shares dipped 3% post-earnings, despite Bitcoin's recent rally above $100k. 5. Coinbase plans to acquire Deribit for $2.9 billion, strengthening its market position.