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The company Coinbiz (COIN) recorded revenues in the first quarter of 2026 worth 1.41 billion, and lower estimates fell as digital currency trading volumes declined. Revenues decreased by 31% on an annual basis, registering a net annual loss of $1.49 per share.
Transaction revenues reached 755.8 million dollars, and subscription and service revenues reached 583.5 million dollars, and subscription and service revenues reached 583.5 million dollars, both of which were lower than investors’ expectations. The total market value of digital currencies fell by more than 20% during the quarter, which affected retail prices.
The slowdown in trading causes the loss of Coinbase for the first quarter
Transaction revenues decreased by 23% on a quarterly basis, slightly exceeding the turnover in the industry by 28%. Spot trading on the platform fell by 37% as bitcoin prices and others fell.
Revenues from consumer transactions amounted to 567 million dollars, while revenues from domestic transactions decreased by 27% to 136 million dollars.
The company recorded an unrealized loss of $482.4 million on digital currencies. Similar companies such as Microstrategy posted bigger reductions, as they recorded a loss, a dollar loss in the first quarter related to their Bitcoin treasury.
Coinbase’s COIN share fell after the news, reaching $192.96.
However, Coinbase reported its third consecutive positive quarter in terms of interest, taxes, and depreciation of $303.3 million, although the number decreased by 46% in interest.
The market share of digital currency trading reached a record level of 8.6% at 8.6%.
It reduces the subscriptions sector from the extent of the losses
The subscriptions and services segment accounted for 44% of net revenue, a comparable mix. The company has set up this sector as a hedge against trading fraud. Stable currency revenues contributed 305 million dollars to the market value of 80 billion dollars.
USDC 2019 2019 increased by 55% year-on-year, supporting the stable currency economy.
The administration sent the revenues of the subscriptions and services sector for the second quarter between 565 million and 565 dollars.
It also includes the expectation of between 50 million and 60 million dollars in fees.workforce reduction by 14%.
The main title shows how the Coinbase company relies on the activity of the currency market.