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Coinbase quarterly profit falls on higher expenses

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Coinbase quarterly profit falls on higher expenses

May 26, 2025 4:35 AM

May 8 (Reuters) - Crypto exchange Coinbase

reported a drop in first-quarter profit on Thursday as costs

rose.

The company earned adjusted net income of $526.6 million, or

$1.94 per share, for the three months ended March 31, compared

with $679.2 million, or $2.53 per share, a year earlier.

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