Coinbase says that $ 2.9 billion Deribit deal will also increase profits as a decrease in Q1

Siknbase He simply took the biggest purchase of a cryptist in the industry. On Thursday, the largest cryptist of the United States, Bitcoin, said that cryptoons will pay $ 2.9 billion for a subsidiary platform.

Executors predicted that the company will be a BOON due to the bottom line of the coin base because they diversify their income. “This is consistently,” Emilie Choi, Exchange Coo, expressed on Thursday in connection with the call to save on Thursday. “This strengthens our work by giving us market leadership among the growing choices we expect and profitability.”

However, Coinbase’s advanced income forecasts overlapped in the first quarter with a steep decline in profit. His net income was reduced to a quarter of a quarter, as Crypto trade volume in the platform was reduced to $ 1,66 million.

And the exchange of exchange, analysts shortly after 10% of the net income in the quarter of the quarter of the quarterly the quarter quarterly increased to $ 1.96 billion. According to him, every share of 26 kopecks was worth $ 1.93 Wall Street JournalAnd after the time of the trade, Siknbase shares decreased by 3%.

Banquet and scarcity

Coinbase’s work is often growing rapidly during cryptic trade volumes and falls rapidly during the fall of the volumes. His profit, since the net losses and CRENE during the cryptist of 2022 and 2023, the cost of 2023 to $ 1.3 billion gain In the fourth quarter of 2024.

But even in the market of Cryptovalutor, Coinbase specializes in revenue. Most of this is a purchase and sale of the SPOT Crypto trading or the US traders in the United States, based on current prices. Deribit is trading financial products, trading derivatives, financial products, which allow investors to make future prices, future prices, future prices, investors, not only.

Coinbase, among American regulators, Crypto’s historically had a derivative starting in the United States due to unfavorable regulation status. However, crypto sharing has made actions to release a trace at the international level. In 2023 this opened Bermuda is an assistant to serve against an audience not from the United States.

The purchase of the derbit is one of the biggest initiatives to diversify their cryptist trade vertically.

Coinbase was trying to do the same in other parts of his work. In the first quarterly income statement, the stock exchange rose by 8% to increase the “subscription and service revenues” continued to increase to $ 700 million. The category, a stablecoin managed by the Sikkabase Partner District consists of money from the percentage of Stableco’s resources. This includes revenues from its blockhain base, as well as the rights of customers arresting their assets.

“We expect Derebitis to increase our profitability immediately and add diversity and sustainability to our trade revenues,” Alesia Haas, CFO, CFO, said at the end of his statements on Earnings.

This story was first displayed Fortune.com

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