Coinbase shares fell as they missed analysts' expectations
2025-05-10 18:04:31
Shares of Coinbase (NASDAQ: COIN) fell on Thursday afternoon when it announced that its Quarter 1 revenue fell short of expectations. Despite the company's historic acquisition of Deribit, the world's largest cryptocurrency derivatives platform (a deal worth $2.90 billion, the largest transaction in cryptocurrency history), and Bitcoin's recent break above the $100,000 mark, the exchange's stock price failed to buoy. The exchange's shares closed Friday at $199.32, down 1.5 percent, according to Yahoo Finance.
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