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News Explorer — Analysts Bullish on Coinbase's Deribit Acquisition Despite Q1 Loss

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May 9, 7:31 pm
Blockworks

Analysts Bullish on Coinbase's Deribit Acquisition Despite Q1 Loss

Coinbase's Q1 earnings showed a 10% decrease in total revenue, with trading revenue dropping 19% but subscription and services revenue increasing by 9%. The acquisition of Deribit is expected to give Coinbase a strong foothold in the derivatives space.

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