Coinbase outperforms the market in cryptocurrency turmoil and regulatory trials

Despite challenges in the cryptocurrency industry, Coinbase’s stock price is still outperforming the market. In the first quarter of 2025, Coinbase's revenue reached $1.64 billion, exceeding analyst expectations. Transaction revenue reached $1.08 billion and earnings per share was $4.40. The company faced layoffs in 2022 and 2023, with more than 2,000 layoffs due to a decline in revenue. A two-year Securities and Exchange Commission (SEC) lawsuit was settled in 2025 without any penalties. Coinbase acquired Deribit for $290 million and became the fourth largest exchange in the world with market capitalization in 2024. Regulatory changes after the 2024 U.S. election may impact future growth.